Quote from: AnonBitCoiner on June 19, 2018, 04:20:32 PM

Quote from: frlvoleg on June 18, 2018, 07:54:37 AM

Israeli Internet company Spot.IM will pay salaries in bitcoins

Israeli Internet company Spot.IM plans to pay salaries to employees in bitcoins. Now she is negotiating with the Israeli tax authority (ISA) about obtaining a permit for the proposed method of payment along with an appropriate method of calculating exchange rates.

According to Spot.IM spokesman Itay Bracha, in Israel, the salary or allowance paid to an employee is taxable. The company offers employees to open an account on the crypto exchange, where they will transfer the converted into bitcoins salary.

To provide insurance against bitcoin volatility, the highest coin price and the lowest on the specified day will be calculated and used as an exchange rate. The staff will also have the opportunity to choose between receiving a salary or part of it in bitcoins or fiat money.

Employees of Spot.IM have approved this offer, as the high fee for conversion will be covered by the company. In addition to net profit, pension funds or other benefits will not be transferred using bitcoin.

In February 2018, the Israeli tax authorities announced that the crypto-currency transactions are assets subject to a capital gains tax. Thus, employees will need to pay a tax of 25% if they will profit from operations with bitcoins.

According to the head of Spot.IM, Ido Goldberg (Ido Goldberg), the company fully supports crypto-currencies and believes that such initiatives can provide confidence in the crypto-currency sphere.

It will be the happiest news for the people in Israel.It will be the exciting news for the people who know more about bitcoin.If they know about crypto currency and bitcoin before means,y ou can sell that bitcoin with best price.If you are new means,you will sell at low price.

Not all of the employes can accept it in the future. As you can see that this idea has already applied in so many times but a lot of them are getting tired about the volatility that can decrease their salary anytime. Because in fact that the result of their salary will depends on the bitcoin itself. The market is really volatile.