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Title: [2015-07-16] European Court of Justice Official Proposes Bitcoin VAT Exemption Post by: tyz on July 16, 2015, 05:20:00 PM Bitcoin operations should be exempt from VAT, the Advocate General of the European Court of Justice said in an opinion document published today.
http://www.coindesk.com/european-court-of-justice-official-proposes-bitcoin-vat-exemption/ Title: Re: [2015-07-16] European Court of Justice Official Proposes Bitcoin VAT Exemption Post by: Pingu on July 16, 2015, 06:49:11 PM I really cannot see them letting it be vAT exempt. I think the only reason they want to regulate it so much is so that they can get their taxes from it and they most certainly aren't going to let us use it for free and untaxed. they always want their cut.
Title: Re: [2015-07-16] European Court of Justice Official Proposes Bitcoin VAT Exemption Post by: ArticMine on July 16, 2015, 07:59:52 PM I really cannot see them letting it be vAT exempt. I think the only reason they want to regulate it so much is so that they can get their taxes from it and they most certainly aren't going to let us use it for free and untaxed. they always want their cut. The only way a VAT or GST can work is if the medium of exchange; namely money is not taxed. Otherwise every transaction would be VAT or GST neutral with the VAT or GST on the money offsetting the VAT or GST on the goods or services and consumers would simply register for the VAT or GST to legally avoid paying the VAT or GST. Australia has this dead wrong and so does Estonia. The European Court of Justice Official has it right and understands how VAT or GST works. |