Post
Topic
Board Economics
Re: Cryptocurrency usage will boost economy or make it worst ?
by
Pinkris128
on 26/01/2020, 08:00:23 UTC
What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
Earning and using cryptocurrency will definitely avoid businesses and big corporates from paying taxes that it will have a bad effect to the economy because a country will lose a lot of funds. But i don't think that the government will let big businesses and corporates from not paying taxes because they will still find a way for them to pay taxes.