Quote from: BartS on January 30, 2019, 10:27:31 PM

Quote from: Accepted_check on January 30, 2019, 08:28:48 AM

Quote from: Ekimzjames20 on January 30, 2019, 06:43:23 AM

Quote from: kkaroul4 on January 29, 2019, 05:34:43 PM

it's true but it's a country that has legalized bitcoin so that the government must determine the market for bitcoin users, but if the country that has not legalized bitcoin will not be the government asking for the slightest tax

I think it depend where countries you're from, if it is implemented or their is a law that you have to pay tax then that is the time we pay it. But i think if that will come, the bitcoin is already ligalized and many roles and regulation to follow.

You are obliged to pay tax if the Government says so. Here in my country, the Government does not legalize bitcoin and we are not obliged to pay tax. However, the central banks regulate the virtual currencies to avoid money laundering or any illegal activities. Anyway, is there any country that legalized bitcoin? Because as of the moment, I haven't heard a country that legalize it.

While I agree with the idea that if a government creates a law that says that you need to pay your taxes for your cryptocurrency gains, the problem that the government is going to have is how to enforce those laws? Because it is going to be very difficult to track every single person that is using cryptocurrencies and even if they could do that they have no way to know how much money that person has so it is going to be a huge challenge for governments to catch all the people that do not follow their laws.

Well, it is not that impossible for the Government to imposed a law that is difficult to execute. Agree that they can't track every single user of cryptocurrency not unless they'll going to use the local exchanges to track every users and obliged to pay taxes.

In Philippines, they have local exchanges that allows every user to use bitcoin as payment. Now, if the Government of the Philippines wants every bitcoin holders to pay tax, they could actually do that by using their local exchanges. Every bitcoin users used local exchange to transact and that's the time that they can't avoid paying tax. Fortunately, Filipinos I think are not yet paying taxes. Hopefully, it won't happen.