Cryptocurrency and taxes. It is the controversial topic. Noone wants to pay taxes, especially for bitcoin. Now, this is a very profitable business and soon the government can introduce taxes on cryptocurrency nevertheless. But we can`t "touch" or "hold" it so in what way cryptocurrency might be taxed?
In my opinion, cryptocurrency may be taxed in the same way as a program or any sale or purchase transaction. Regardless of what you are selling, if you are profiting, you are required to pay tax.
What do you think?
The tax is a duty to all people across the country. If I think Bitcoin should be taxed. Because the income earned from Bitcoin is very large and should be obliged to pay taxes. But because Bitcoin is not there is set so Bitcoin is still free and not taxed. Maybe if later Bitcoin has been legalized across the country would Bitcoin will be taxed and we must all accept it.
Governments have made tax payments the responsibility of every citizen. It's wrong. It turns out we were captured and paid tribute. My opinion is that the payment of taxes is a social contract between citizens and the government. Our taxes should be spent effectively and improve the quality of our lives. In this case, the payment of taxes will not be compulsory. But why should I pay for politicians ' luxurious lives and Fund their shadowy schemes?