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?
20% is not on the high side at all. The concern is what the 20% will be applied on. If its on earnings, then its not fair however, if its on net profit then its fair. Using this in comparison to other forms of taxes. In most countries, company income tax is always between 25% to 35%. Personal Income tax on the otherhand, the effective is always around 15% to 20% depending on the level of income. So 20% on another form of income is not bad so far its being treated as final tax in the case of individuals if not, it would be being taxed twice on the same income and more so, tax payment is our civic duty to contribute to the development of the state.