Post
Topic
Board Economics
Re: Tax on the crypto currency! What do you think?
by
awik p
on 08/11/2018, 16:14:00 UTC
I think it is not realistic to be deaf in the country for every citizen, how much he owns crypto-currencies. Yes, and still recover the tax from it. To be able to collect taxes, the state should control the system itself, where the crypto currency is actually used - and this is not realistic for a single country. Scales are too huge.

I think it is impossible for the governments to control the system of cryptocurrency for a reason that it is hard to control it. Taxes on cryptocurrency in my opinion is somehow good and somehow bad. It is good because putting a certain tax in cryptocurrency can make it more available and accpeted by people because they will surely think it is now a totally a legit thing. Also, tax is a way to help one's country progress for a reason it serves as a fund. Lastly, based on what I read, it can make the market be stable. As for the bad side, not all the people are willing to pay tax.
i think government can set a tax for each withdrawal into fiat currency, where each transaction will be taxed according to the regulations made. indeed many people are reluctant to pay taxes, so in my country a tax amnesty is held