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 ArticleWill,this implication that bitcoin is killing the income tax return,of government,is not been happen and prevented if cryptocurrency is been legalized and regulated in each system of different country, actually this is the only hindrance why the government cannot collected tax into the cryptocurrency investment ,that can be used in improvement of economic growth and other infastracture project.