Post
Topic
Board Economics
Re: Bitcoin to be Taxed......
by
not-a-bot
on 17/03/2018, 01:51:25 UTC
I cannot imagine when bitcoin to be taxed and I think the government will search the opportunity to do this because they know that the people earn much money from bitcoin and the government thinks that they make another money if they can apply the tax for bitcoins. but I don't know if it's true or not because first, the government needs to create something to detect or to know which people that have bitcoin and I wonder how the government knows the right people that have bitcoin.
It is not easy to give tax to bitcoin users let alone from the side that bitcoin users are anonymous and can not be controlled, actually the government is very interested to legalize bitcoin so they can give tax on bitcoin users and get profit. but the problem is how does it work, to require users to pay taxes?
The same question -How? If we talk about miners, as some countries going to do, yes it's possible because of Gigawatts of electricity spending for mining. If we talk about crypto exchanges, crypto banks, or ICO, yes it's hard to do but it's possible. But when I hear 'Bitcoin will be under taxation' or even people who pay with Bitcoin will pay any kind of taxes I realise it's just crazy dreams of some unclever   tax officials