Post
Topic
Board Legal
Re: Bitcoin Taxation: Major Challenge
by
jgaspar
on 26/07/2018, 04:02:45 UTC
Bitcoin is now considered by the government as a property, not an income . This is the reason why they want to put taxes. I guess it is fair enough for those who earned hundreds of thousands here in the crypto world. 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.
I can say that I am a little bit afraid of that because my country is one of those who can put an enormous taxation on the income that I get, if they will do this personal percentage tax, this would be awful. Somebody would not afford that.