Post
Topic
Board Legal
Re: Bitcoin Taxation: Major Challenge
by
HabBear
on 26/07/2018, 03:07:36 UTC
Bitcoin is now considered by the government as a property, not an income .

This isn't true. Bitcoin is considered property by the US government, but not by every government.

Please expand your view point and recognize that Bitcion is a global currency.

This is the reason why they want to put taxes.

Again incorrect, this is not the reason why they want to tax it. They'd tax it even if it wasn't considered property! The reason they want to tax it is because governments tax economic activity...so if bitcoin represents economic activity they'll do their best to toll the transactions, i.e., tax it.

But for those who are just starting to earn, the government should not. Still, I am in favor of the taxation. But the government should also consider the status of the bitcoin's market price.

Your comments contradict each other here. And the status of bitcoin's market price is ALWAYS a consideration when a property is taxed...if you sell the property for less than you purchased it for you don't own any tax on it, in fact you realize a tax credit!

Anything else?