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 ArticleProbably ,Will kill income tax , because once you enter your money in Bitcoin , Its all free from any taxes. That is the way big businesses doing and also those investors. Is it because of being a digital currency , that no one owns and that no regulations by the government involves to it that they can not due taxes on it, eventhough you will put all your assets to Bitcoin. But then for every crypto investors, once they change their Bitcoin to flat currency, they can still contribute some of their income to banks services or money remittance services by their more than thousands income.