Post
Topic
Board Economics
Topic OP
Accepting Bitcoin for paying tax
by
M. C
on 09/04/2024, 12:43:50 UTC
What do you guys think about a city accepting Bitcoin for paying taxes, fines and all other invoices from the municipality.

Is it a bad thing or a good thing for the Bitcoin ecosystem ?

Here's some articles about a city in Switzerland that accepts Bitcoin :

https://bitcoinsuisse.com/news/city-of-lugano-accepts-crypto-payments

https://cointelegraph.com/news/bitcoin-accepted-taxes-swiss-lugano

https://planb.lugano.ch/

I believe that accepting crypto and especially BITCOIN to pay taxes could be a favorable business framework conditions for crypto companies / investor that are looking for a place to establish their operations.

Additionally, let's imagine a company that decided to go full on crypto (in their treasury) , how are they going to fulfill their taxes obligations ?

Switzerland is also crypto friendly nation so I guess it can depend on the state of a country.