Quote from: jademaxsuy on March 25, 2018, 12:14:24 AM

Quote from: Paleus on December 06, 2016, 10:18:24 PM

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.

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i guess it wont happen especially if you are receiving higher salary then company you are working for well render their full compliance to the government that if you refer to avoidance of income tax. You may face a lawsuit if you will not decalre your salary or else the company you are working for will be reprimanded or put to closed. You cannot escape salary income tax especially if you have fixated income. However, there are certain job that receive unfixated income and will more likely to escape income tax. But in terms to btc if the owner of the company pays you in btc then therefore they are also held liable of the employment agency since they have worker but they could not show the transparency of the salary pay. Usually the employer will issue a payslip. so bitcoin wont kill income tax.

No i think there is a possibility in near future. As Bitcoin is a peer to peer transaction there is a possibilities that banking system will be dried up and the government will suffer a loss of revenue due to taxation. But for now there are lot of people who used fiat as legal tender in buying basic needs in our time I think it will not happen, but maybe this is the time that we might think any means that the government can also earn the right taxation revenue, because government also is a very vital in protecting citizen rights.