Quote from: Trivelius on December 01, 2017, 07:43:01 PM

Quote from: squatter on December 01, 2017, 09:48:55 AM

Quote from: audrey12 on December 01, 2017, 09:27:49 AM

Bitcoin should not be taxed if the government will not consider bitcoin as a legal tender

Does not compute. Gold, oil, stocks -- these are not legal tender either. But capital gains taxes apply to trading them, at least in the US. In fact, legal tender tends to be stable in price, so it doesn't make sense to tax its gains. Governments want tax revenue, which is why they are going after bitcoiners now (see the IRS/Coinbase decision).

Quote from: Astvile on December 01, 2017, 04:18:46 AM

Taxing bitcoin will not be good i think.Exclude the fees in each and every bitcoin transactions you send and add the tax in each transactions that would be a hell of a cost specially for small users

It's hard to escape the tax man if you ever want to cash out to fiat. I don't think many countries (if any) tax transactions themselves, although any trade to another currency/commodity will trigger capital gains taxes.

Bitcoin and tax I think they didnt have a relation unless bitcoin become a legal currency, because once you earn bitcoin then you shouldnt forces to give tax etc thats why according to me there is no tax seems on bitcoin. Bitcoin is a digital currency and people all over the world invest still not recognize by most of the countries as legal currency, therefore we are not expecting tax on bitcoin.

very interesting! Thanks for your opinion - it seems governments are being forced to address with each day bitcoins price is rising. I do believe that the second you cash out and it no longer becomes anonymous money you are eligible to being fined if you dont declare.

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