I have been thinking of this for long and the reason being that a lot of bitcoin transaction is going online everyday in many countries and i think government can generate IGR from this if possible. I am not a programmer and i have a little knowledge about bitcoin technologies but i just want to know if it is possible.
Well for me bitcoin cannot be subjected to tax. Because it is very impossible to tax persons who are using or earning bitcoins. Simply because transactions are untraceable. It would take so many times and extensive planning and study to just tax our earnings from bitcoin. The only thing maybe the government can do is to regulate bitcoin.
It is already implemented in some countries just like South Korea wherein you are obliged to pay for tax when you are doing trading or buying bitcoin, some that cannot control this one just like China just decided to banned rather than imposing tax.