Post
Topic
Board Legal
Re: Okay. Charge tax on bitcoin. Is this fair policy?
by
senin
on 04/04/2020, 04:44:37 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?
Any government has the right to establish a tax on any type of activity of citizens that brings them profit. Regardless of where this profit comes from and whether the government and the state have any relation to its creation, they have the right to establish taxes on absolutely any activity.
Therefore, the surprise of some who are outraged that states do not have any relation to profits generated from cryptocurrencies, and therefore have no right to establish profits tax on it, is not true.