Quote from: qwerty12 on August 17, 2018, 05:11:54 PM

Quote from: kitkitkit on July 25, 2018, 08:24:37 PM

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.

But, what I know about taxation regulations is, big and small the amount of tax that must be paid by a company or individual will be different, depending on the big the small profits that be obtained if the tax regulation on bitcoin will also be applied as income tax.

Taxation is very basic duty of a citizen in the country, that make a nation building, and the obligation of the government is to protect their citizens at all cost, that is why taxation is very essential to a nation building, if you earn something from bitcoin it is just and reasonable to pay tax.