As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default.
Read The Full ArticlePOSSIBLE to happen if one people will pay bitcoin and the one accepts it as a payment by that there will be no tax at all
but for now like us we exchange the crypto we have to fiat and there will be a tax if you exchange that ..
I think the income tax is not dead at all because bitcoin is not widely use to buy things and stuffs like that.