Post
Topic
Board Bitcoin Discussion
Re: High taxation risk - India
by
burnchan
on 24/05/2018, 02:00:34 UTC
I know that official regulations by the government can help to legitimate crypto. However, in India they want to apply a 18% taxation, I think is too much, and investing can be demotivating.

https://cointelegraph.com/news/india-considers-taxing-cryptocurrency-at-18-as-intangible-property-reports

Would you feel more skeptical if you country apply such taxation as well? Or would you be happy because they legitimating crypto ?
Regulating crypto is indeed a good way to ensure security to it’s users. However, 18% tax is way to high. I think it is much better to have a certain percentage of tax to a different amount range.
In this way, those with small amount of crypto income would have smaller taxation.