Post
Topic
Board Legal
Re: Okay. Charge tax on bitcoin. Is this fair policy?
by
tsaroz
on 20/01/2020, 12:49:29 UTC




I noticed that certain country may charge tax on earning from Bitcoin trading...

20% tax on it. I think this is quite ridiculous.

That means govt sees it as a lottery.

What do you guys think?

It's not a big deal to give some of your profit to your government as tax on your bitcoin profit. But the problem is it's hard to define what a profit in bitcoin is as there maybe many steps involved that the government may not be able to track. So, it would be much easier to tax on user trades (on exchanges) and mining of coin.