Bitcoin Forum

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

If the government makes a tax on Bitcoin of course this will make a little panic for Bitcoin users because now we all know that one of the reasons Bitcoin users is to avoid taxes if using real cash. but until now I still believe that the government will not withdraw taxes from Bitcoin because of the complicated calculation system and also the anonymously Bitcoin nature that makes bitcoin very keep secret users. there must be strong regulation as well as a very systematic understanding to be able to adopt taxes in the Bitcoin system. probably the easiest implementation can be applied to an exchange so anyone who withdraw bitcoin to real cash then that will be applied tax.

I dont think it will ever happen, if it will be still there will be so many ways to get pass those taxes lol.

If the government place taxes on bitcoin it will be a big factor to those who engage in bitcoin. Due to high fee and taxes they might back out engaging in cryptocurrency.

I wouldn't say that it won't ever happen, though it's going to be hard to enforce taxes on each transaction as of course everything is going to be in bitcoin and people aren't going to pay this as most people are going to be anonymous to the government unless of proper enforcement of the wallets/exchanges. Only way I could see this is if they classed BTC as a currency and forced the wallets to listen to them on taxing a certain  percentage (IN USD or the currency) all the time.

Tough to do, but if Bitcoin is enough of a threat to these people they'll sure as shit do it.

I personally think that this is going to be extremely hard to achieve due to the decentralisation project that inevitably developers in blockchain are aiming for in the cryptocurrency market place. We must remember that Bitcoin has surfaced as an international currency of the world and isn't linked to any one single nation state currency, therefore giving it a certain flexibility to operate on its own terms through ICO's and other large whale investors. The government of a state would legally have to claim right on the currency working in its own borders and pass appropriate legislation through their parliament for this to happen. I think this in a proper judicial democracy would be very hard to implement.

If the government will put a tax to a bitcoin transaction there will be a midman to every transactions. First the government will need to control the value of bitcoin and control the bitcoin system in the country. Anyway it is not possible to the government to put a tax on it because it is anonymous. Bitcoin is powerful and uncontrollable. The government has nothing to do with it.

I do not think that's possible, because the government will not know who uses bitcoin.
even if the government imposes taxes, they will have difficulty in terms of payment.

low revenue governments means poor governments may think a strategy to gain tax from this block chain technology.

It is ok for me if government will imposed tax to our bitcoin earnings provided that they will encourage the adaptability of bitcoin in our economy and also the legality issue of bitcoin will be finally settled in that sense more establishment will accept bitcoin, we can also use it in a lot of transaction unlike now which is very limited and hopefully time will come that bitcoin will be our main currency that is accepted globally.

Government has already implied a tax on bitcoins in many countries.
Also since bitcoins are legalised anything thats money coming from any source is taxable.. bitcoins are no exception.
Well I think People who are looking for hefty gains will have to switch to non taxable legal cryptocurrencies but also at the same time none can generate greater profit than bitcoins so that depends on the personal opinion of the mass community about what they decide to choose.

Yeah i agree it is not possible they cant make taxes in bitcoin because they cant recognize what bitcoin is.
but i think they will give higher transfer fee.

yes i agree. transfer fee can be increase.

thats will never happen, bitcoin is a digital cryptocurrency and legalize on Online transaction. thant i know :D

It will be hard for the Governments to put tax  because is bitcoin is anonymous, they cannot distinguish the owner because of its hidden nature.
 But if possible, it will be a great issue for the bitcoin users, they might loose their hope for investing and using cryptocurrencies.  Having no tax is also the one reason why bitcoin users love to invest and trade.

If legalize means their will be something. Sometimes when bank recieved the money they can tax.

I guess every government has this idea, because taxes are a big part of their income. But really it is not possible to collect taxes, because bitcoin is globalization, a country separate tax, so people can be traded through other countries or other trading platform. If a country can shut the world wide web, then it can be done, otherwise it can't be done. ;D

Governments can set up laws and regulations and then set up "departments" to monitor and enforce.
Whether it is successful or not is another question. No doubt they will have to skill up and understand how digital currencies really work, maybe monitor a few people, monitor the flow of their btc's and audit them, create some "high profile" cases to be made examples of etc.

For sure many will be irritated with that because even on the internet you can't escape the greediness of these government employees they want to tax on everything and people will get frustrated because we know for sure that when the government imposed tax they will impose as high as they can impose because they know the number of income passing to the bitcoin and when that does really happen then we can say our freedom here in bitcoin goodbye because those greedy workers of them will imposed a lot of regulations for that.

if government put on  tax on bitcoin, bitcoin makes or becomes legal world wide. but transaction rate is decrease because profit decrease.

I've been heavily taxed so let Bitcoin be tax free, and how much money should I spend on Bitcoin taxes if bitcoin reaches $ 10,000.
Let not Bitcoinyang be taxable but the transaction  just taxable..

Actually, in the United States, they are already putting taxes to bitcoins once it has been wired to your banks. I don't see any problem with that because at the end of the day you are the ones to control your cash-outs. Keep in mind that there are tons of ways to make cash out of your bitcoins such as selling by peer to peer. On the other hand, giving the government a little taste of your bitcoin is good for our community in the long run. The more they get from bitcoins, the less chance of them harassing the exchanges. just my two cents... Anyway, instead of troubling your mind with taxes, why don't you try investing in Angel Token? It's the safest ICO that I can recommend... cheers!

Yes I think this is possible because bitcoin is now one of the most popular and useful currency now and large amount of people invest in bitcoin and that’s why government make a lot of plans for them to use bitcoin easily therefore for that security they put on tax on bitcoin.

Now that even governments are investing with bitcoin, expect some additional fees from our local exchange site. They are now fully aware thats why they taxing it. Before Bitcoin is not that popular, Bitcoins are simply ignored by investors. Now one by one they are jumping to the crypto wagon.

There are going to be a lot of consequences. Obviously the profit will descrease drastically becaude since bitcoin price is so higher they are going to put a minimum 10-15% tax. If governments will start involving in bitcoin they are going to be like the owners of it because they can create absolutely any law and also apply any tax.


I personally think it is hard for governments to control every transaction and put tax on everything that someone is withdrawing through bitcoin because there are no details about the person who sented the bitcoin and the one who received.

Government has to create a special program so people are going to use bitcoin only through that program and every transaction is verified by them. This seems very hard and it is not going to happen very soon

Can you explain to us please how they will do that? Will they force you to give them your private keys?
OK, as non US resident how they are exactly taxing bitcoin? How do you wire bitcoin to bank, US banks are accepting bitcoins?
Or do you pay tax on dollars which you get when you sell bitcoins and withdraw money to bank account? If so isn't it like that in whole world?

I think people would find any other way to withdraw and use bitcoin and it's really hard to regulate it, because of the possible services, goverment still cant conrol everything, I know my country want to to provide the tax for miners and other people who are using bitcoin, but how they are gonna realize idea I dont get it, if people earning 80$ per month or 60$ taxing people even with bitcoin it's not a wise choice

Although it is not impossible, it will be very difficult for the government to make such a decision. Obviously, bitcoin and other cryptocurrencies were born to avoid taxes and all the shitty procedures and whatever that can tie us to the current financial system. I am sure that all the community will do whatever it's possible to avoid that situation. Meanwhile, we can still contribute and make Bitcoin better everyday and of course, worldwide finantial system will change.

For a government to have the power to block, deny or reverse transactions mate, they'd need to have control of and over %75 of total hash power, more

Miners would join to mine their own transactions, governments would increase their hash power, arms race will continue to a point of not enough electricity

To keep their miners running, with the first signs of governmental control over the network, miners+nodes will ban any misbehaving pools. full nodes are very

Important to be under people's control, if they can become a full node majority then Bitcoin will die due to centralization, I'm a small BTC holder mate, yet

I'm running 4 nodes, a tax+gov free Bitcoin is my first priority.

If governments levy tax upon bitcoin, gradually it'll be starting to face some issues in the market. Growth won't be affected big, maybe similar to the recent days drop in price takes place over which the price once again reaches new ath. Already few countries had implemented the taxation upon bitcoin, but this is not that effective. Only the people who cash out bitcoin were taxed based on the transaction.

I can't imagine how the G will be able to monitor all the transactions and crpto is not within 1 country, it is globalized, so how to create a 'fair' tax system....

Nope that is no way to be true,, “the profit will decrease” is not accurate as maybe the price will be boost if the government will regulate bitcoin(dependable on one country’s reputation towards its citizens,, corruption issues) like japan after regulation issue the price of bitcoin surge steadily because of good governance by Japanese and supports from its own people.. “attraction also decrease” is also wrong as I stated about Japan’s popularity after all.. This is also my opinion hope to be respected as such..

That will be terrifying, we all know that the decentralization is one of the best feature of bitcoin. If the government put tax on bitcoin, then I think the decentralization, the way we avoid to these taxes from the government is gone, and that is obvious that the price will go down and the users will find another crypto currency that they can use.

if the government put taxes on bitcoin, bitcoin will be controlled by the government, i am sure many people dont like this, they may be depressed by taxes charged on transactions all the times, their profits will decrease, the will have no choice but dump bitcoin and find different altcoin not be controlled to replace bitcoin.

If the government levies taxes on special currencies, there's no doubt that the market will soon have a lot of heat in the city, but I think it's going to be hard to achieve, or it's impossible, because bitcoin is circulating around the world. It is not a commodity of a country

There are already countries who charge taxes in the transactions if they cash out to fiat and if they hold it for a long time and the value increases then they need to file a capital gains tax. Failure to do so would result to a penalty if the government finds out that you evade to pay taxes. Sure the profit will decrease because of your additional expenses but just think of it as your duty as a citizen of your country and besides if you try to avoid it then you will suffer if the authorities find out. For the attraction towards bitcoin, I don't think people would just back out investing in bitcoin if they knew there are applicable taxes to it because as far as the profit is bigger than the expenses then it is still a net gain.

I think it will happen. Probably goverments have started to plan about BTC tax. I don't know how they can but what ever happens BTC will stay as King, don't worries.

Wow! that was a pretty shameless shill for your ICO, good luck to ya.

but bear in mind central government taxation is theft. Money they gather is used to oppress people worldwide, sometimes quite viciously with their nasty taxpayer funded military toys.

How sure you are that it will be happen? Because no government officials or branch are involve or has the connection to bitcoin. It will not declare or they are not suppose to put tax or everything on bitcoin. They are not part of it.

For sure tax will give headache to bitcoin investors, As we all know people love bitcoins because it is decentralized and if the government enforced tax, probably it will lessen the user and the value will start to decrease.

Yes it is, i am not sure this will happen.
We already seen how many government tried to control bitcoins with regulation but failed. They are still have no idea for how to get definite information about how many bitcoins that people have. if the benchmark tax applying when we exchange btc into cash in exchanges.
Any cases like this, suppose I have 1 BTC, then I exchange my Btc to another virtual currency such as paypal / neteller / others in abroad exchanges, how government can put taxes on this?

maybe the government that is approve bitcoin that will put on tax on bitcoin but i am not sure how they applied the tax itself. but for the country which bitcoin is in the grey side, i don't think that the government is ready to apply the tax. i don't imagine how much we should pay the tax and i wonder how the government will calculate the tax, is it from the transaction of our withdrawal or from the other things. but there is many things that the government to do to controlled bitcoin in future but i don't think that they can controlled bitcoin.

Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not, and there are bound to be questions about how Bitcoin relates to taxes. However, users will have to look into the tax requirements for whichever country they are paying taxes in and sort out how their home countries classify cryptocurrencies like bitcoin. the Government to put tax because is bitcoin is anonymous, they can not distinguish the owner because of  its hidden nature.

If you invest it, it's treated as a capital asset, subject to capital gains taxes. The percent your gains are taxed are dependent on how long you've held the asset.

You are required to self report this information when a taxable event happens.

In Holland (Europe) the government has several types of taxes.
You have to declare the Euro's, crypto-currencies and other assets you have on the first of January.
Calculation is with a hypothetical 4% interest. (Don't know which Bank gives 4%).
Happy that they don't (yet) split it up and make calculations with 4% on Euro's and 900% on Bitcoin.

I live in Europe and i have to pay taxes for bitcoin if i want them to cash out also i pay taxes for a lot of things but i am happy because this way i can earn bitcoins and it is legal.

hahaha here in the philippines if the bitcoin is very popular here they will put a tax of every transaction made using bitcoin
so they earn money to the people then the corrupt person will more richer than before

Governments definitely will impose taxes on bitcoin as it becomes more prevalent. Although this sounds bad, I'm trying to look at it on the bright side and say that regulations like this will improve bitcoin's legitimacy.

They cannot put a tax on bitcoin transaction because they are anonymous and there is no way to prove that someone is using a specific address. They only can put a tax on you when you cash out.

I still expect bitcoin to remain this way, because if it is legalized by a certain state and clearly the government will impose a tax on every bitcoin transaction. But, I am grateful to my country the government does not legalize bitcoin, with this we are free of taxes because the government is not responsible if there is a loss in bitcoin transactions. If at any time the government legalized and imposed a tax on bitcoin then I think it is the beginning of decline and bitcoin deterioration in the country.

the government can not prohibit bitcoin, they can prohibit trading on the exchange, which means they can impose a rather large commission on transactions, this may provoke a decrease in demand for bitcoin, and its fall in price

If we stay realistic, then this is going to happen. People will start going away form bitcoin because most of them would not be able to pay high taxes. People are in love with bitcoin just because of the reason that it is decentralized which means not control by anyone whether it is a person, a company or a government. We all know most of the taxes are used in wars and we don’t want them.

I think it's impossible for now to impose tax on bitcoin because until now bitcoin is not considered legal or illegal currency government focus first on how they can possibly gain control over bitcoin so they can implement policies as well as putting tax on our earnings. Just in case government will tax our income I don't this will be too much if it will help the economy grow I'll be in favor on it.

Yes exactly. Because our income will definitely go down due to the taxes and fees we will pay before our currency crystals become fiat. With the exchangers paying fees immediately and when it comes to replacing taxes then what will we do if this happens. So make bitcoins for us to become financialy freedom. Not to give us tax

if the Government imposes a tax regulation for Bitcoin, it may be that the government will order part of the existing Exchanger in the country, to increase the amount of tax between state tax and tax for exchangers. I think this scheme is more effective if the government wants to bet on Bitcoin tax. The rest is just how we follow it.

And how on Earth is a government going to do that? And what government, The world government?
What would keep me from just flying to Tahiti with my BTC to avoid such a tax? Would driving bitcoin money off-shore be in the interest of this hypothetical government?

I see no practical path to a Tx tax.

EDIT: And don't forget, there already are taxes on bitcoin in most every country in  the world. 

They cant do it easily but if that will happen then I guess we will be losing a lot of investors and will certainly have a big dump of bitcoin.
It will certainly fall thinking it should've been a free currency and yet we lose that part of bitcoin feature which is the most important of all.
If they can tax us then it will be easier to trace it now. It aint the same with fiat anymore so why use bitcoin.

In my own personal opinion, the government is takingbit too far if they put a tax to bitcoin because the price of our earnings would decrease and it will be much harder to convince other people to invest in bitcoin. I also think this is just a scheme so the government could also earn in bitcoin.

I highly doubt this will happen. Currently, you are supposed to be paying taxes on bitcoin when you sell for a profit, similar to how you would if you made a profit for selling a stock.

It is not possible for now because the only thing government can do or can make in bitcoin in terms of transaction is by being open enoguh to accept its system. Government doen really have the power to manipulate bitcoin , but they some how can control the implementation of regulation in terms of the usgae of bitcoin in a particular country.

Tax free in Germany when you hold the coins for longer than a year. Otherwise when you cash out to USD or EUR the in and out investment tax applies under the Einkommenssteuer.
Not a problem for me, I will be holding for a good while longer.

Technically it is impossible to put a tax on the Bitcoin transactions. However, the government can put the taxes on conversion of Bitcoin into the fiat currency or vice versa and other option might be imposing taxes on the miners and thus it will reflect in the indirect inclusion in the transaction fees. As of now, Unocoin (Indian Bitcoin exchange) users have to pay the 18% goods and service tax on the transaction fees so we are already paying taxes in that case.

Yes. Profits will be reduced, and the number of participants will be reduced. But it's not easy to tax, because bitcoin is circulating around the world. Not subject to the control of a certain country

Wallet addresses are anonymous, government can't know how many BTC or crypto one has. Only when you exchange crypto into real currency through your bank account the IRS can tax and can only tax that. Otherwise it cannot be regulated. And if it is a significant amount you just go to another country where it doesn't get taxed and return with the money from there.

It's hard to put tax on every bitcoin transaction so i don't think it will happen in the future, and the fact that we already paid transaction fee which cost quite expensive will make me think twice if they put tax on it. However they can tax the exchange according to the country tax regulation, make strict verification so people will pay their income tax from bitcoin.

I don't think that it will happen, bitcoin is created by the software that a person who have that can mine it, we are the one's who are earnings because I can't afford to mine bitcoin, it will not happen since bitcoin don't need to go under government. It is an online process that government cannot control it.

I'm sure the government has been eyeing bitcoin, let alone seeing its existence today bitcoin really on the clouds,
then it must be very potential for the state income.
But they also know to set taxes to bitcoin is not easy because one of them they must inaugurate bitcoin in the country and detect anyone who uses bitcoin is also very difficult.

If theres a way to tax bitcoin, I think governments will start to like it a lot more, and some of us a lot less.

I think tax would have many good affect to bitcoin than bad. My point is, if the government decide to pay tax on earning and using bitcoin, that's mean they have ways to control it and protect the user, especially they will have law for bitcoin transaction and even more. Thats not really bad actually, bitcoin holders will feel safer when decide to use bitcoin, scammer will be punished (just like crime, stealer, robber,...) by law. secondly, taxing will help that country avoid from losing money to another country and losing tax from payments, and I believe that, the economics of that country will grow up because the money from bitcoin is take part in their finance.
BUT, till now, there are no way for government to control and tracking bitcoin transaction (and never will). So, I don't think they could put tax on it. lol

Maybe they can release an official cryptocurrency, make it the only legal one, and then have taxes implemented in the code.

yes I really like your advice, because transaction costs will continue to increase, as the development of bitcoin.

government can make a tax when it make sell / buy bitcoin legal which can’t be happen so that let’s enjoy which our free technology

I do not think this is possible, because the government does not know how many people use Bitcoin, it is hard to determine, if Bitcoin imposes a tax on it, then I think it would be very difficult.

if they do that i am afraid governments will get destroyed by bitcoin and cryptocurrencies

because they more and more look like a kraken that want to controll and surpress everyone, it will even more increase the popularity of those.

regards

obviously the profit decreases if the government participates taxes on users bitcoin ,this is a disadvantage for me but I must be patient for bitcoin success this in fact also feels difficult because the nature of bitcoin is hidden and we can freely expression wherever we want like a ghost friend not seen by the ordinary eye

Its too difficult to tax bitcoin unless everyone becomes an honest citizen of their country. Moreover before investors the miners are the ones who must be taxed. They are the people who earn the most from this chain. There can be two types of consequences. This may satisfy govts. that bitcoin can be used as primary medium of exchange therefore they might end up adopting it or it as you said it might become less attractive.

you obviously don't understand how bitcoin works. which government and how would impose a tax?

There are many people really worry about increasing of fees in the wallet provider site. In that meanwhile we see that taxes on bitcoin means that is biggest trouble for the all bitcoin users. Please Government can adopt the bitcoin and make it is legal but putting taxation on bitcoin or altcoin transaction means you will find the more trouble by using it. Without knowing the satoshi and claiming the copy right is not at all possible as of now.

Almost all governments will subsequently establish a profit tax on income from the crypto currency. There is nothing wrong or unusual in this. Apparently, this will happen when exchanging crypto currency for ordinary money and when dealing with crypto currency. One must be prepared for the fact that in such cases the state will oblige citizens to leave their personal data, or such tax will be levied upon exchange or other transactions. In many cases, collecting tax from citizens will be problematic due to the anonymous nature of the crypto currency. It will be soon and we will be able to see this in practice.

Government involvment with bitcoin would really change a lot of its framework. Bitcoin have been designed to be decentralized and not to be controlled by govt. That can result to high fees and users would have less interest of it. I think it would be no good if ever that happens.

I don't think that taxation of Bitcoin is possible. It's too independent for government's control. And I hope that we'll be able to buy BTC freely

I'll never think that the government can put a taxes on bitcoin because bitcoin was  fix or exact amount that they compute on how much they earn so that they can't put a taxes on bitcoin specially the value of bitcoin was not stable or what we called always fluctuated the value so do you think they can know the taxes and they didn't know who are the user of each account so that no identity who can they get a taxes.

Of course, it will never happen - who's government? how are they going to implement such a tax, this is one of the features of Bitcoin, it is not controlled centrally, it doesn't answer to the government. Of course, a government could request their citizenry to pay taxes on transactions they make - but "good luck" enforcing that.

Firstly, people worrying about the fees online wallet services charge has nothing to do with this. Secondly, Bitcoiners paying tax over their holdings and gains isn't anything new -- it's something that basically in all modern economies is a normal thing. It's basically the same as when I earn fiat through whatever job, or make profit with stocks, etc -- all this is subject to tax, so everything we do with Bitcoin isn't an exception. Governments don't tax transactions when it comes to fiat, and for that reason will never do it with Bitcoin, and to make things even more obvious, they can't even do it.

If government will out tax on bitcoic chances this will probably helo the economy to earn and may also the reason why bitcoin will become a legal currency. The idea of tax is good provided that it will be imposed properly and government will not tolerate illegal transactions which regards to tas implementation

Bitcoin is not legal all over the world. Government can put tax on some countries where Bitcoin is legal and government look after it. But tax on bitcoin will impact on the price of it sure. Because bitcoin is still decentralized.

i think the government will find out what is bitcoin and put on tax .. bcos bitcoin community are investing and pot some money ..
   

If the government put a tax then we need to pay, it will decrease our income, but the good side is when the government tax bitcoin then maybe bitcoin can become legal, I think by taxing it, bitcoin attraction will not decrease, it is still super profitable to earn bitcoin compare to the little tax that need to be paid, somehow every  country will either tax or ban bitcoin, bitcoin name is already too big to missed

I don't think that governments can tax bitcoin as long as it is still a bitcoin but once you converted it into a fiat currency then it is already subject to taxes. Bitcoin is somehow anonymous and it is hard to know who owns it and since it's price keeps on changing from time to time ways on how to calculate the tax will be hard but once it is converted to fiat then it should be considered as an income and should be subject to applicable taxes.

I don't think it is possible at scale to do this with success without having access to information on nearly every wallet service. I reckon it could be hard until bitcoin is more widely regulated.

You are wrong the government can not put tax to bitcoin's transaction due to the bitcoin transactions are not regulated by the government it run by community (the miners), if you think the government apply the taxes for bitcoin's users, it is can be done depending on the rules of every countries, so bitcoin must considered as digital asset or something else like properties and bitcoin won't be currency. The good consequences is bitcoin's price will rise due to there are clear rules about the bitcoin and the bad consequences is the profit decrease as you said.

One benefit that a bitcoin holder and user right now is a low fees on transactions and if government put taxes in it well we dont have any choice but im afraid if this would happen some government officials might take any advantage on its price that are not stable,but being a decentralized currency i think the government might be skeptical on putting tax in it and its very impossible of doing every transactions made by an anonymous and cant be traced  holder,pretty sure they can't control it.

I think this is just the beginning for bitcoin to further expand because if the government has used tax on bitcoin it means that bitcoin has been approved by the government as a legitimate means of exchange. Imagine if bitcoin is acceptable in all the stores out there and all the biggest online stores like amazon, ebay and others, then definitely bitcoin will be the world currency or unifying currency so if you want to get out of the country do not have to bother doing money exchange. You can directly spend it in other countries and this is a tremendous freedom of transactions.

I just don't get the "tax thing". When we are sending transactions, there is what we called a miners fee, for example I send my BTC to electrum, there's a fee and I must pay for it, why am I saying this? Because they can't just put tax on BTC, are we going to send transaction and pay for the miners fee and tax? Thats double payment, and they (the government must have a platform for that) for example a service online that is interfering with your transactions and then subtracting some tax. They've already put some tax on the goods, why put tax on BTC too.?
Let's say a supermarket is accepting BTC as a payment and you bought some tools for construction that has a price of 300 dollars, and you paid for it, but if you can see on the receipt the tax is already included in the price tag of 300$, just like the present system, and lets say you will pay 300$ in BTC (tax included), so why put more tax to it>? Thats a double tax if they will have a tax on every BTC transactions.  ??? ??? ???

why put tax on BTC too   => Governments needs money.
double payment              => Nothing new. There are more examples when you pay triple or more times tax:
 Buy things for construction 1) first pay tax for earning the money, 2) pay tax for having money a while on the bank account, 3) pay tax for spending money in the shop and perhaps 4) if the house increases in value with the item bought you need to pay more tax and 5) when finally selling the house with more profit due to the items bought you need to pay tax again.

I think the attraction and interest of the bitcoiner will be lost and the fate of bitcoin will decrease dramatically .. I strongly disagree if the government did that because I am one of the bitcoin enthusiasts

until now I still believe that the government will not withdraw taxes from Bitcoin because of its difficult calculation system. and if the government continues to withdraw taxes from bitcoin users, then there will be panic. and of course their income will be reduced, because one that makes everyone interested in bitcoin is not taxed.

I don't think government can put taxes on bitcoin transaction because bitcoin transaction is fully anonymous and there is no possibility to track the people who is using bitcoins.So government can never tax for bitcoins.

I don't think that would be possible as Cryptos, especially BTC is much anonymous and decentralized. But if Any Government thinks such way, that also triggers a little hope - that country is thinking about cryptos in a good way and also looking to legalize it.

oh no government please look somewhere else to put any taxes. We do pay taxes for electric,water,house, and everything (btw the goverment already put taxes from the tools that we used to earn bitcoin,right?)but please don't put that silent but deadly weapon a.k.a taxes to reduce what we earn from bitcoin, the consequence I will convert it to another crypto that free from tax. :)

I don't think that your opinion will apply on every country. I think they will also tax you base on your earnings. For example, here in the Philippines, you get taxed by 12% of your total earnings. And every country has different styles of taxing.

To the government imposed a tax on the deal of the bitcoins, this transaction must take place on a platform or exchanger, which was created by the government itself. There are many people wishing to use such an exchange office :D

If the government introduced such a tax measure, in the short run it certainly has an impact, but in the long run it may not be certain

Maybe bitcoin can have taxes if it is widely known.

i think as long still worth it with the income and the lesson about bitcoin for me i will pay the tax. it is the best way than government block bitcoin in their country, we still can access bitcoin in my country

yeah maybe they can , but how if the user didn't agree ? it will be war between government vs people lol ....

If the government put tax in btc, some people won't like it and leave the cryptoworld because btc has a high value (completely volatile) it makes higher taxes. But I think when you get or withdraw your money there's still a tax. The one thay you'll pay after the transaction.

If governments adopt this choice, no one will use bitcoin as a payment method.
The majority prefer bitcoin because it is free to use and all you have to do is to pay transaction fee which is generally negligible.

Technically speaking, it will be hard to implement taxes on transactions due to the fact that bitcoin network is decentralized and transactions are almost untraceable.

I dont know for sure, because right now it has not happened for my country. I think there's going to be a profit and a loss, that's for sure. but if analyzing from what happens it might be good if the state is involved in bitcoin.

If the government put tax on the bitcoin it maybe they control or manipulate the bitcoin in his way in ones countey because they can put an tax or any payment in using the bitcoin. In this wau the government can controlled the bitcoin. I think it will be a negative impact in the bitcoin because it might the user and investor will much less if have an tax. And in the other side, the government will be very happy because they earn in the bitcoin

The government will make a tax for digital currency, as a good citizen I am ready to be in taxes such as transactions or taxes.

applying high taxation rates on bitcoin is not so good for the country itself. it will makes business enterprises think twice to build bitcoin related company in that country, but if government do not tax bitcoin, it will open doors for greater levels of fintech investment for that country.

If the government imposes a tax on bitcoin then the profit automatically decreases, but the interest of people to follow the bitcoin will not decrease in my opinion, bitcoin is a job that will not require the labor to work so that people will still be interested to use bitcoin.
I personally feel very grateful if bitcoin can be licensed from the government even though taxing, rather than bitcoin is still illegal, it is better to have permission even though there are taxes used by the government.

You are right. But bitcoin cannot be taxed by the government because they do not own it. If they want to own it then they must buy the whole 21 million BTC around the globe.

If they tax bitcoin, soon enough they have most of coins in their possession.

It would take very strong regulation and control. I'm not sure that it's even possible. It could drive the market to the anonymous coins like Monero.

I agree that the profit will decrease but it'll be more attractive because the government only can put tax on Bitcoin income when and only when they can be able to legalize Bitcoin in their country so when Bitcoin is legalized, it'll be widely used as a local currency so the number of people using Bitcoin will increase and it'll make Bitcoin become more popular and acctractive.

this is really bad news,government banks also putting more taxes.now they want to put on bitcoin.now transaction charges increased but,we have wait for future days.

I hope government will not go for tax on bitcoin anyway we do pay taxes in another form like buying goods, pay bills and others from earnings in bitcoin. Hope they will leave bitcoin users alone and freely.

If this happens, it definitely does not have a good effect on bitcoins because it is sure that many people will be dissapointed here. Bitcoins were created to enable people to achieve financial independence and if it were to enter the government it was useless as well.

i will try to evade it as much as possible if any such thing happened i had bought bitcoin before any taxes were being charged on it so in order to save myself from taxes i will mix up my coins and if possible not withdraw it so that the government wont be able to take any profits

Probably yes in the long run. Whethee we like it or not what we are donf is subject to tax. Good thing that the government is not imposing taxes on it hopefully the government will not though. But we should prepare ourselves anytime soon.

Why do you think that a government only can put tax on something when it is legal?
When (in my country) you get (big) money with illegal activities, and it is discovered, this info is also send to the tax office.
They can also check you and you need to pay tax. Even with a fine as you did not report this income.

To tax bitcoin is really a difficult task because of its decentralized nature and anonymous property. But if say such thing happens obviously people attraction towards bitcoin decreases. As transaction fees are also being too much now a days, Users have to bear double load on them.
Moreover if attraction decrease, price will also dec. which will cause a serious threat for bitcoin market cap and growth rate.

By my opinion it is normal final of crypto regulation by the government. They will count a person who get profit from crypto as self busy person and every one will have to pay individual tax, which is different in many countries. I just don't know how do they plan to follow such persons.
Actually this is going to be very important change about bitcoin. I just can imagine what is waiting for a person who do not pay taxes from crypto profit, it is going to be different kind of fines.
Well, to me such individual tax seems ok, I'm a micro earner, but what are going to do those people who make really big money on this?

Hmmp, It is nothing new but its everyday transactions that we are talking about here, for example is that we bought some kilogram of sugar in the store, that 1 kg of sugar already had tax on it, but on our present money (fiat) it doesn't have a reduction in every transaction man, imagine if BTC will become a major payment for transactions and everyday it has a tax + miners fee, not everyone can afford that kind of taxes and fees everyday. Sad :(

i heard news in philippines. that our goverment planning to put taxes on bitcoin. but i think it is very impossible to happen because bitcoins is  decentralized...               
in that case if happen ofcurse if goverment put tax on bitcoins it will less total earning from bitcoins.

how come can governmanet put tax on bitcoin.,if the government bought the blockchain????

Maybe in some countries governements have imposed taxes to bitcoin but this is not mass or a rule. Actually, in countries that do have tax on bitcoin that relates not to holding bitcoin itself in wallet but to exchanging bitcoin transactions in fiat currencies, for traders or for income in bitcoin but that is the same for any other income or for trading in any other currency so I don't think this taxes are aimed specialy against bitcoin.

If transaction do already have tax then it is already centralized and not decentralized thing anymore since government do already have the involvement on such thing. People who did love bitcoin because of its decentralization will surely lost its interest because one of the reasons why do people love it because no one can able to control it and at the same time cant be taxed.

Firstly, the government cannot impose tax on something that they cannot regulate. This would result to them, abusing their powers and discretion since bitcoin being a foreign object, is decentralized. Second, in the event that the government would impose tax, then this would result to its price decreasing dramatically relatively. Other countries prohibit the utilization of bitcoin while others support its system and opportunities provided. If they impose tax on my country, then this would likely result to some individuals, evading to pay tax which will contribute more to the stigma of bitcoin.

The government has put taxes on bitcoin, which means that the country has accepted bitcoin and the crypto market is good. I think this issue will not affect the bitcoin price much.

Bitcoin is already being taxed. You have to pay capital gains over it (whether you do this is or not does not mean bitcoin is not taxable!)

Charging transactions as well would mean it is being double taxed.

Taxes are the only source of income for government of any country. Government put taxes on every income generated. As bitcoin is a virtual, decentralised currency it is not possible for the government to calculate the exact income of bitcoin traders. Government can impose tax when bitcoin get converted to fiat currency. Many bitcoin users never en cash their coins, so they never pay taxes. To avoid this many countries have started regulating bitcoin transactions . This may reduce the amount of profit of bitcoin user or miner. To avoid government tax they may shift to another currency.

If this happen it really big news for bitcoin users.. :o
But,  i think it won't be happen ever. because the bitcoin is internationalization. So the country not have permit to decide this tax decision.. Because every country has separate rules for taxes. Some country has more tax price or some other countries has low tax it depend on their economic level.
If they need to put tax on bitcoin all global governments are should be decide with their unity..

The government cannot do that. They have way many more other things to be solve than just puting taxes onto something.

the government want to do that but i think for now, they need to find a gap so they can apply the tax on bitcoin. but i think they can not apply the tax since bitcoin is only use in internet but i don't know if the government decide to approve bitcoin as a new payment method then maybe they will applying the tax on bitcoin. the government needs to learn about bitcoin so they can apply and integrate the financial system with bitcoin and then maybe the tax can applied.

Governments are already do that. You can see the about how to pay tax that issued by IRS, every country has different regulation so you don't need to pay any tax if your country is not regulate it. My country did not accept bitcoin but also didn't ban it so there is no bitcoin taxation in my country.

Logically yes but i think it would not happen.
It is not secret that some countries r trying to regulate relations of bitcoin and whole crypto world by legislative actions,but how they are going it to monitor everything?it’s like searching something small in ocean.they can’t control it whole system.may they control concrete mining companies wich are in their jurisdiction but not all of them, its a very bad fact,but finally bitcoin always shows what it can do.look at history how many years is bitcoin alive and continious to rise price? Why they did’t regulate it? Because most of them want sto put inappropriate tax on it wich is opposite to principles of legal state.

Bitcoin is decentralized coin and no one can affect or change their rules and regulation. So if government want to put taxes on bitcoin they will need to own all bitcoins which are approximately 21million around the world which is very high price. So it means it not possible that any government can get authority of putting taxes on bitcoin.

if the government imposes a tax on bitcoin users means the government has legalized bitcoin currency, I think it's natural as long as there are clear rules and do not harm the bitcoin users

To be honest, I do not think it is possible for the government to have taxes for every transaction of bitcoin since bitcoin is decentralized, it cannot be controlled by the government and the people who use it are anonymous

This will create panic among the people who are using bitcoin to hide tax i.e the people who have excessive  amount of money already. But the people who are looking to build money using bitcoin (trading, or working for bitcoin what ever may be) the will get a relief because putting tax on bitcoin will legalise the bitcoin. And lots of people, who still think that bitcoin is illegal will then take a chance on bitcoin.

money has value only until it can be transformed into goods or services. And at the moment of this transformation, the government will have a lot of things to say about whether the participants are paying their taxes.

I think that idea is not gonna be good in the future if they will turn bitcoin with taxes and many changes again can happen to it. and I don't agree with that bitcoin with taxes we all know that it has permanent price that's why it will conflicts to the prices sometimes.

It is hassle if governments put on tax in Bitcoin because we should pay after we get our money. But no one can control bitcoin because it has a powerful backs. That's only my opinion.

This will be the end of bitcoin! If the government forced to implement taxes in bitcoin transaction, many users will hessitate to transact with bitcoin. Hopefully it will not happen because it will affects the investments and stability of bitcoin.

maybe this could happen ..
if indeed the government adopted a policy of taxing on bitcoin, I do not think the taxes are so ... because the bitcoin players who have been long, definitely negotiate with the government. and in my opinion the government also joined bitcoin in silence.

Bitcoin is a decentralized program and I think Government is not be able to control it or they don't the power to do what ever they want. It's a bad form for bitcoin investors or users if that will happen. I hope Government will invest their money for bitcoin instead of putting a tax.  ;)

I don't think there is any possible way to track or tax Bitcoin, but Governments can change their rule and ask people to submit tax on their Income from Bitcoin-related earnings. That will bring another good thing - government will be forced to declare Bitcoin and Cryptos legal.

Many bitcoin investors are investing in bitcoin only to avoid taxes from government. If government impose taxes on income from bitcoin currency, these investors will become panic. We may say that government have no knowledge about the user of bitcoin currency then how can they tax them. But government will tax the investor when he converts bitcoin to fiat cash. In many countries bitcoins`s status is not yet decided but income from bitcoin currency is taxable. Taxes have nothing to do with source of income. In India, USA income from bitcoin currency is treated as Capital gain and taxes are imposed accordingly.

I think not, the profits will only fall slightly because it may be subject to state taxes, but if the user a lot, I think bitcoin prices will rise.

As BTC is not yet centralized by the government in many countries so the government is not yet implying tax on BTC but it's popularity and it's increasing craze among people signifies that in coming future government would impose tax on BTC and BTC then will become centralized because in the future every one will be using BTC because of its such a profitable criteria and being a future of finance that every investor is now looking forward for BTC  to for having their own profit, government would impose tax on BTC in future.

It will be hard for the government to identify all people that gain revenue thru bitcoin trading unless the exchange itself impose taxes from each completely executed buy and sell. Another thing is that do, people who keep dollar and after the time the dollar increase its value the government will come by and ask for the tax. I think that is not possible. A person hoarding a bitcoin and when the price goes up it can't be taxable.

The government puts taxes on everything. That is just how the world economy goes, they're supposed to use the money they earned from you to improve the nation, but of course, it's not always a fairy tale.

the government collects taxes from the circulation of bitcoin as the government wants to master bitcoin and this is not good for the future, bitcooin should not be mastered and influenced by the government.

If government would impose taxes on bitcoin earnings, many people would oppose. Firstly because earnings would then be lesser. Second, we will be giving another nonsense income to the government. It is not advisable that they would want shares on every earning we get from bitcoin. There will be limitations if that happens. It is of no good. Those big earnings will be deducted with taxes. Al our efforts will not be totally worth it. There will be conflicts as well if government will take control of bitcoin.

I agree with what has been said, i believe that when bitcoin is taxed for every
transaction it makes this would diminish and interfere with profits. I wonder
if bitcoin's controversial aspects like it's anonymity and decentralization would
still be an issue since taxes would create records, regulations and logs.
Maybe it won't affect bitcoin and would depend on how it does in the market
in the future. Let's see how it goes and hope for what's beneficial.

Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse.

If you haven’t been following the bitcoin story, its price is up 600% over the past 12 months, and 1,600% in the past 24 months. At over $4,200 (as of 5 October), a single unit of the virtual currency is now worth more than three times an ounce of gold. Some bitcoin evangelists see it going far higher in the next few years.

What happens from here will depend a lot on how governments react. Will they tolerate anonymous payment systems that facilitate tax evasion and crime? Will they create digital currencies of their own? Another key question is how successfully bitcoin’s numerous “alt-coin” competitors can penetrate the market.

the government asks tax from bitcoin seems the role of government is very bad, because not everyone who trades in bitcoin always profit there is also bitcoin players who suffered losses will still be in taxes? it is very sad if it happens.

personally I think that this will be very difficult to achieve because the decentralization project is definitely a developer in blockchain aimed at cryptography market.we should all remember that bitcoin has emerged as the world's international currency and is not related to one currency of another country, thus giving some flexibility to operate on its own terms through investors and other large investors in ICO. the government of a state should legally claim the right to the currency working on its own borders and enforce appropriate legislation through their own parliament in order for this to happen. the government always talks about it until it happens

Its not good to put tax on bitcoin. Mostly Govt is earning from taxpayers slot and they are not spending as people desired and the taxed money also not reaching to people ultimately.

         I would probably be dumping all of my bitcoin possessions asap by the time this gets announced. And by the time this gets implemented, there will be no more bitcoins in my wallet. I would rather tramsfer all of mu funds suddenly not caring if the fees are high on that time. Because just imagine how much we oay for transaction fees, it would literally be bullshit if governments would put taxes on bitcoins. Can't even imagine what will still be left for us after every transaction. Just bullshit.

If they can use the tax in the proper manner then taxing bitcoin will be okay with investors, but we can't assure that government will do that
so better to stay away from this crypto investment and make some ruling in their jurisdiction after bitcoin already been exchange to its  local fiat.

Bitcoin and all other crypto currencies are decentralized in nature which makers it independent of any kind of influence of the government. Government cannot put a tax on bitcoin until and unless government will not declare it as legal currency. So far, there is no possibility for the government to impose even a single penny in the form of tax for the ones who are holding bitcoin or dealing with bitcoin.

I think government did't find ways to collect tax in bitcoin. Why? bitcoin is not a fiat and it is unpredictable. This is a cryptocurrency that used in electronic payment. And most of the country in this world, bitcoin didn't accepted as fiat.

Profits for the one who cashes-out their bitcoins would decrease even lower than what they should be receiving. Bitcoins would now be less profitable and maybe people would lose interest with bitcoins due to the government placing a leash on bitcoins. This defeats bitcoins main feature, which is to be decentralized.

They didn't find in most of the countries, buy in Japan some people in one company will have their salary partially in bitcoin, their government will find a way to tax it very soon, Australia had double tax on bitcoins but their government canceled if to push technology industry forward. Don't live in illusion, bitcoin is open source if you have a wallet with your name on it anyone will be able to see what you are doing how much coins you have, and you will be taxed accordingly depending from place you live and where you are register for tax paying.

Yes attraction and profit may decrease but Bitcoin will be still alive and used by many people. People will never left Bitcoins in future. It is now like a habit.

i honestly think that it would be the other way around considering that with bitcoin if it gets regulated yes there would be a decrease in price momentarily however the effect that cou tries would let bitcoin and cryptocurreny in would be huge for its stock

if the government put tax on bitcoin then they allowed the bitcoin in their country. it can be a great deal to government and bitcoin. the government allowed the bitcoin but they put taxed in  this so they earn and bitcoin allowed in country so that there are more people got know and will be interesting because the knowledge about the bitcoin is spreading

I do not know, because in my country is not taxed. neither legal nor illegal

I think if this policy exists in my country, it will always have profit and loss.

Many people will not accept it if government put on tax in bitcoin because there earning will lbe lesser. Also if the government will put on tax it means it can control it and or maybe they will impose law and rules in bitcoin.

If Bitcoin is taxed by Government then the whole concept of decentralization of Bitcoin is ruled out. The user of Bitcoin is suppose to be financially free from Government control. Taxes always increase the cost of business therefore we don't want taxation here. Thanks.

If the government put taxe on Bitcoin, then there will be some adjustments to happen. The transaction fee will increase and as you said lesser profit. Likewise, people in the Bitcoin world will protest for a short period of time but they will eventually accept it. But bitcoiners I think wont decrease if the tax is just minimal.

If the government does tax bitcoins, a lot of people will lose interest on bitcoins. Maybe people will actually stop supporting bitcoins because it is not decentralized anymore. This will also make transaction fees more expensive because of the tax imposed by each government.

If government take a tax of btc so our earn money will be more less and can make people panic too.

   Why would anyone lose interest cause of taxes? You pay taxes now if you are old
enough for that. Taxes should be used for country infrastructure, to help the citizens
that needs help, and many other good things. If Bitcoin become currency in some
countries same Bitcoins should be returned in country and help all citizens in some way.
   Taxes need to exist, there is no other way for country  be functional d to have good and
reliable social program. We need to pay taxes, that is reality.

I know government will after this bitcoin to be taxed, because there is a big money in here and it could really give them of what they wanted. But this things won't be happen if the bitcoin community will never give-up and still opposing government. Because once bitcoin become taxable, it could only lead to the government by controlling it and it's price will be affected. It could be possible also that more investors will stay away from crypto and shift into other investment. And with this, bitcoin will be called as decentralized and it's popularity will goes down.

It will surely happened in thw future. With it putting tax in it, bitcoin will be legalize and be accepted by Government.

People won't panic, they won't put too much tax, just a little percentage of transaction. Only if it happens, which is not likely to happen any soon enough. Government can not put tax on something that is not physical asset. It is operated on internet, not physically.

Bitcoins adresses are crypted and identity free. How can states  put taxes on ? Peoples can turn their bitcoins into dollars. Govs can put on income taxes only. Soooo keep your income into cryptocurrencies.  ::)

Bitcoin is not a legal tender. There4 government doesn't recognize Bitcoins as legal tender, should Bitcoin miners have to report their stash on their taxes? The short answer is yes. If government takes tax on Bitcoin it will definitely reduce it.

There are already regulations in some countries that are pointed towards the taxes that are connected to the Bitcoin. Bitcoin alone isn't taxable but transfers that are changing Bitcoin to the local centralized currency are not tax-free. Every government wants to have full control over Bitcoin but that is not manageable. We don't know what will the future bring to us or will Bitcoin be implemented into central banks or will the people manage their payments everywhere with this online currency. Governments are for sure searching the loopholes to put the tax on the Bitcoin cause it is in their interest to gain the profit of the market traders and Bitcoin holders.

there was no way government can do this to his peoples. how come they can detect the owner if they got million in there account. there was a reason bitcoin is anonymous.

Governments wouldn’t put taxes on Bitcoin because they doesn’t know at the moment how to interpret the digital money and what is the most important they doesn’t know how to monitor it and define the taxes.

Just as what you said, our profit will be less than what we'll originally receive since tax takes up most of it. I just hope the government will not push that kind of idea because most of the campaigns that i participate in dont offer high paying stakes but i doubt that they'll put tax to bitcoin because they dont know how to apply it

the government will not be able to master bitcoin and even collect taxes from bitcoin, since bitcoin is a self-cut digital eye for bitcoin shipping costs and not for government taxes because it is very detrimental.

every people is under government and everything that profitable must have tax so
i dont see any reason to question this matter unless you have illegal businesses so you are
afraid of having taxes.

And besides we have earn lots for quite so long,so this time let the government have whats
belongs to them

Bitcoin is not profitable for government. They cannot get anything from thousands of transaction that is happening around the world. By implementing this, they can also the control the number of transaction and monitor others.

It will happen in the future. Governments will put a tax on bitcoin transactions. I think people get used to it and will not have big consequences.

I don't think so on how government get tax from bitcoin because we know the fact that bitcoin is a decentralized system on the blockchain and maybe it will only happen
if the government has link in every transaction site and get the desired percentage tax in every bitcoin transaction.

Cпacибo зa Baшy пoддepжкy !

Government can't control bitcoin or any online currency. It's like a hidden purchase and you can hide you identity. So, Govt. can't put tax on bitcoin.

It would be extremely difficult to impose tax bitcoin. The question is how much tax are they going to impose and how would it monetaring be? Bitcoin is a decentralised currency and cannot controlled by one central goverment. To me, I think tax imposition would be very difficult

Its quite happening now in my country but the government isn't winning so instead they just publicly warn our people not to engage in bitcoin transaction because it is too risky to invest. But i don't think the public would go against bitcoin because as far as i know many of my people is in with bitcoin and as far as i know they are much more wiser and have more knowledge in bitcoin than our government.

There is a high tendency of the government placing tax on bitcoin in the future but it should not be big deal as long as it doesn't bring issues between us and the government, though by then I don't know what bitcoin would have become it terms of satisfying people. All I wish before then is to have made mine own goodies out of it.

There is a high tendency of the government placing tax on bitcoin in the future but it should not be big deal as long as it doesn't bring issues between us and the government, though by then I don't know what bitcoin would have become it terms of satisfying people. All I wish before then is to have made mine own goodies out of it.

I think  it is reasonable from goverment side, this huge avalanche of  bitcoin activity is hard to stop, so it is better for the state to use its benefits than to try to break it.

I don't think never happened that, becue government cant control the value of bitcoin and the Blockchain system. The government has nothing to do with it

The government, if it collects taxes on crypto and recognizes it as a form of monetization, is the main reason why the country does not have cash, and I think it wants to pursue technology. 4.0.

Yeah right, Its not possible because its gonna contradict the nature of bitcoin being decentralized. I do agree with transfer though for sure once bitcoin is converted to fiat its going to be taxed.

Governments can't tax bitcoin transactions because transactions are anonymous and they can't control the process.
Maybe they start regulating cryptos trading and tax traders based on their income in regulated exchanges.

If a government put a tax on bitcoin this will be the disadvantage for us. Because when it's happend the government will get some of our income that may affect in our budget. But on the other hand it is also a good advantage for us. When government put a tax that means bitcoin is already legal. And when it became legal the us of it will be widen. And more benefits that we will get because bitcoin will be more popular to our country. But when government did not succeed to put a tax on bitcoin they will put a high tax for the accessories or instrument in bitcoin operation like internet.

I do not think the government can put taxes on Bitcoin. We must know that the government can not interfere with Bitcoin. The government can only put taxes in banks and local currency only. If we use Bitcoin transactions, the government can not interfere and we are free to do anything. The transaction from Bitcoin is not limited by anything, we can deal with any amount yes even now Bitcoin fee is very large. We can also do transactions whenever and as much as using Bitcoin. But about the future and development of technological sophistication in the government, I do not know. Perhaps the Government will find a way to manipulate Bitcoin and society.

They cannot imposed tax on it unless they will legalized it in every country.But bitcoin is decentralized no one can gave a rule by it.Its a long due process before they found it legal.If they imposed tax on it it will affect our earnings in every features of it that we work on.

If that happen. It will be bad news, bitcoin might decrease.

What the hell does it mean a tax on Bitcoin? Governments can tax only the FIAT money that you get when you sell Bitcoin. When Bitcoin is still Bitcoin it should not be taxable since for governments this is not money.

Since bitcoin is decentralized, I think it will be difficult to impose tax on it. But, if they will add the transaction fee, well I think it will discouraged people to embrace Cryptocurrency.

the government may be able to cooperate with a market exchanger if it wants to tax on bitcoins. But still the government can not control and taxes on private wallet users.

That's not true.  Look up barter tax center on the IRS's website.  Its all about taxing stuff that is not converted to FIAT.  I'm not saying Bitcoin exchange is a barter, just that taxes can be put on just about everything.  If its worth something, it can be taxed.

Govern ments put tax on the btc, because the demand for btc is getting higher and higher and peiple wanted it badly for their own wants, btc has a large value thats why many people are having it and buying it, but we didnt know that btc is being used in illegal for some sort of times, people use this for drugs, illegal activities and more, thats why governments are putting tax on it and for btc to be more formal. 

.

i think that is never happened，government cant control the value of bitcoin and the Blockchain system,they  can do anything about it。
Government can do that warn people not to join.

i am agree with you that the attraction will decrease because this no tax bitcoin is one characteristics why it is famous and if the government will claim tax to this. this will be a huge effect in having more users.

the government levies taxes to bitcoin? it seems that it will not happen and can not, because bitcoin is not in the government wherever it is, and it makes bitcoin can not be collected by anyone except for the cost of shipping bitcoin.

they could push every market exchanger to give their customer data and analyze which account lived in their country and investigate his personal identification. and I think the government will do whatever they can do to get involved in cryptocurrency. but I don't think that the government will do with easy because cryptocurrency it's about privacy and I think they could break their own law and make a trouble for them.

If the government place taxes on bitcoin it will be a big factor to those who engage in bitcoin.Bitcoin users might loose their hope for investing and using cryptocurrencies.But it will be hard for they control.Government will heed to control the value of bitcoin and control the system.

I think putting some taxation about the bitcoin is good to make it more acceptable in all countries.  Most of all countries the reason they banning is because no tax imposed. 
Tax is very essential since it is the life blood doctrine to support the operations of the government. It will be more good if this thing happen.

just the same way they control the natural flow of the physical money they want to tax bitcoin and have all info about people involved in cryptocurrencies. looks like nazi Germany in some countries. (stole btc from their citizens, like in Bulgaria). luckily we will have alternatives with highly anonymous coins.

I have never heard of any countries that tax a bitcoin. But, if it really happens then it can be ensured that the country has made bitcoin as a legitimate currency in their country for various transactions to be used. I dream of it happening in my country so I do not have to make an exchange to use bitcoin as a transaction tool.

For me there is nothing wrong if the government will collect tax on Bitcoin because it is part of the regulation in which the nations will benefits on tax if they will adopt and legalized bitcoin. I am support this taxation as long as Bitcoin tax will not be use in corruption but it should be directly to serve the people. Some of us hate taxation because they are only thinking of themselves that there bitcoin income will be reduced, they don't think that tax is better than government will declare it ban.

Tax us a prerogative of the government. If they so be it. Trading of cryptocurency there is no different from other business that pay taxes. What would be the reason of btc for tax exemption? I see nothing.
Better to be taxed than to be banned by the government. 
In term of profit of course it will decrease but still good enough.

I agreed, definitely you're correct. Well, I believe someday that it will be happen that government will ask some taxes in bitcoin due to the regulation of the nation as its part in the constitutional law. But on that matter it will takes time since the bitcoin was designed as decentralized was occurred that no 3rd party will involved. Maybe, it tatakes time that needs further discussion between the government the crypto currency community.

If the government will put tax in bitcoin I think their are more individual who used bitcoin right now will against it. Because they will not allowed government to put tax, because bitcoin is private.

how much they will put tax from your bitcoin? i think its not much than what you get.
its good when government take profit from bitcoin by taxed all user. it will help to increase their economic and also develop their country. because with tax collected by government it mean they accepted bitcoin

It seems that this will not be possible, if the government has put tax on bitcoin it will be a big factor for those who are involved in bitcoin. People in Bitcoin will be confused. Maybe if the tax is imposed, then the question will arise if public bitcoin will use this digital currency. That bitcoin rate will be very low. Due to high fees and taxes they may be busy with cryptocourrency.

It would seem like double-dipping to a certaiin extent, not that they wouldn't do that, but I just don't think they will waste time attempting to tax cryptocurrency as it is a decentralised and anonyomous asset, it wouldn't work very well.

There is already a tax in Poland. If you want to convert BTC into cash then you have to pay 19%. That's a lot of things and we will not get over it. Also, BTC transfers will also be taxed ...

As for now I think bitcoin is not yet in tax but maybe in the future it is.

Until now the government still can not withdraw taxes from transactions and also the ownership of Bitcoin. I see this as a weakness because then the income of a country will decrease, we know that the sustainability and development of a country will depend on income from taxes received. There may be a regulatory regulation about it, we must all play an active role because it can affect the future of Bitcoin.

I dont think that the goverment will put tax on bitcoin because goverment doesnt care yet about bitcoin, goverment is focusing on puttiing tax on other things, and i think goverment will only put tax on bitcoin after 10years, because 10years from now bitcoin is we will be very high and popular.

The US government have already made actions regarding this, they are now imposing taxes on transactions done by bitcoin. I heard UK is already doing actions.

No it will not decrease the the profit you can earn through bitcoin. Tax should be done in bitcoin to have its legality official for all people and will not think that investing in bitcoin is scam. If there is tax the it means that bitcoin is regulated by government and accept bitcoin as part of tbeir economy and which also means that the government will not think to ban bitcoin is their country.

I heard Janet Jackson showed us her nipple because it turned her on, but that doesn't make it true.  ;)

For me, i see nothing wrong with paying tax on bitcoin. And you know if the government create new laws for bitcoin tax people should follow or there will be a consequence. you know government are very bad in dealing with such issues and lastly i don't think the profit of bitcoin will reduce a lot when people start paying the tax.

This will create a little discouragement on bitcoin enthusiast. But in the long run, people will go with the system.
I'm not against on that, as long as the government use that funds to protect the welfare of the crypto investors from hackers.

This is not possible as it stands right now. Bitcoin is not centralized. This means that an individual or an institution can not control the events and happenings in bitcoin.

Government is so impossible to put tax for bitcoin users, because we all know that no one of us show up our bitcoin. Just your own that know about your bitcoin. It's so difficult for government to know person who really have bitcoin. So for me, we haven't worry about this. Our government just want to make we panic.

Profit will definitely decrease since the money you will be receiving from sending your bitcoins will really decrease hard because of the tax. The tax will be imposed on every transaction sent making your profits even lower than the usual pricing. But I do hope governments would not do this.

In some countries that uses bitcoin to pay bills maybe they get transaction fees not taxes, in other countries that who doesnt use bitcoin in paying bills and buy something I think its not possible to put tax on it, however if something exist like that I would be a huge change for bitcoin users to have tax in every transaction aside for the huge fees.

   
I don't think that would be possible. As it us based on the the concept of decentralization and no one can control it as Cryptos, especially BTC is much anonymous and decentralized. But if Any Government thinks such way, that also triggers a little hope - that country is thinking about cryptos in a good way and also looking to legalize it

In my own opinion hmm i think if government put an taxes in bitcoin many investors will back out coz the price of bitcoin will decrease and coz we all know that one of the reason why we invest money in bitcoin coz there no taxes to get your profit 100% no less so if government put an taxes on bitcoin thats the result many investors will back out..

I see it would happen if the government set a tax for bitcoin. many someone will sell bitcoin simultaneously before the time specified for bitcoin is taxed by the government. and it is very harmful.

I think there wont be any big difference if Government will put taxes on. I just hope that other governments wont ban ICOs because this can cause drop of interest.

Be remember bitcoin is decentralized and no country have authority to put tax on BTC because bitcoin is not under control of any one. And maximum number of people are using bitcoin because bitcoin is tax free and if bitcoin is to be taxed then their users will be reduced in number because people are also giving high taxes to bank systems.

Please don't use Bitcoin and Tax in the same sentence.

If the Government makes a taxes on Bitcoin for sure there's are so big imfact to those users on Bitcoin, but it is impossible for bitcoin to be taxed in the government because bitcoin it so much popular all over the world and also useful currency now.

If the government imposes a tax on bitcoin it means the government legalizes bitcoin. Transactions will surely be eashed on the country, but on the other hand there will be some who will leave bitcoin because income from bitcoin will be cut by tax.

This is a good question. Here in our county, bitcoin is becoming popular. This popularity shakens not just ordinary people but even the government. News about it are flashing everywhere, which almost go into our school new here in college. But like what you have said, there is a possibility that they will involve a tax on it. So does, expect it as a normal or usual job after all.

I think, there will be losses and also profit. always there for and loss, I do not think much about it, most importantly, bitcoin always gives me what I want and plan. and I will continue to engage crypto and bitcoin.

This is ridiculous a decentralized currency is being taxed? this is why people do support more BTC its a threat to the banks and governments.

Yes, I've heard that governments want to put taxes on bitcoin and I find it so unfair for users. Some government these days are ridiculous for they always look for taxes even if it is injustifiable. Transaction fees are already expensive, what more if they put taxes on it. I think it'll be hard for us users.

From goverment side it is a only reasonable reason  to get control of this business coz it is so big community of huge amount of money, :)

I find it natural that there is taxation on one's income. So Bitcoin is not an exception. Do you invest in Bitcoin since it has no regulation or since it implies profitable mechanisms? If second, there shouldn't be significant decrease in Bitcoin value.

i don't know it will work for government or not . just a quick question how government will detect bitcoin transactions

Government will never be able to put tax on bitcoin, because it is digital currency. They way only government will ever be able to do that is if the government pays you for services using bitcoin.  other than this, that's not gonna see the light of the day.

For me that's not fair because it can cause of controlling to bitcoin if the government put tax on it. Also I'm pretty sure that they use for money because they know in bitcoin they can have a lot of money. And if that happen it means bitcoin that moment is control by the government

If government will manipulate the value of bitcoins then there are investors that will really hate the policy of government and will lead to a lot of problem. One of the good thing about bitcoins is the taxless salary which are coming from the ico's.

currently in my country, there is no tax for bitcoin users. so I do not know what to answer. but in my opinion, however there will always be a side profit and loss. yes that's how i guess

The only question is how did the state will determine the presence of a cryptocurrency in a person if everything is anonymous?

Well, yes, yes, as soon as appears  the question of big money - appears the government. And either begins a meaningless war, like a war on drugs, or tries to put tax on it.

It is better to put tax on cryptocurrency transaction than forbit them. But I don't understand how government is going to wach for this

I do not know if bitcoin pays tax but I know it does not pay tax. but I ask others if there is a bitcoin tax. Though Bitcoin is yet to be officially recognized in the country, the Reserve Bank of India has on three separate occasions put out risk warnings against investing in virtual currencies. In simple terms, there is no regulator when it comes to the status of cryptocurrencies in India. So, are the gains from Bitcoin taxable?.

Maybe there is a tax that pays bitcoin but I do not know how much it is in a bun. but according to my search. Accordingly these can be classified as long-term when held for more than 3 years and short-term when held for less than 3 years. In case of long-term gains indexation benefit must be allowed and gains taxed at 20 per cent. Short term gains will be taxed as per the applicable income tax slab.

Oh my, if the government imposed a taxes on bitcoin then for sure the profit will be greately affected. People enjoyed working on bitcoin because of bigger profit they get specially if  the the currency is high. If it taxed our profit will decreased. I heard big amount of taxes are being imposed in US.  In my country it depends with how much you are earnibg and if you are head of the family and how many kids you have. I think its like that in all over the world. I just dont know how will it work in bitcoin way. Bitcoin is different currency and then before we can use it we need to convert in our currency since we cant use bitcoin to buy something here in my country yet. We have to convert it to cash first. I guess thats the reason why the government is not taxing bitcoin yet because not all country accept bitcoin as payment. Bitcoin will work in online transaction so far and only few countries accept this as of the moment.

My opinion is quite different from other. I think BTC should be taxed because it would be taxed in only one condition when government would centralize it. Although I know if BTC is taxed that same will be taken from our profit only but according to me the nation security comes first because once BTC would be taxed then government take control over it and the criminal activities engaged with BTC  would be stopped, so in my opinion it should be taxed, I will be kk with little less profit.

Many of the government want to get a tax in bitcoin because they know that they will get higher tax in bitcoin rather than the other bussiness.

How sure it is that government will take this kind a step but for me bitcoin will not gonna be affect because of this. I hope government will not take any kind of interference in usage of bitcoin today. Today all those investors are being happy for it because this will make price of bitcoin to increase fast and highly so better use bitcoin as saving only trying to pay all tax on time if government will fix any kind of tax relates to bitcoin.

Yes they can actually do that. They can put tax on your earnings since you cant get your money without banks and that is their strategy when they really recognized bitcoin and legalizing it. The worst part is that when the government will put high peecent of tax to those bounty hunters, traders and investors here.

The only viable way to tax transactions would be attaching taxes at the miners. I'm just curios how an European or even the US government want to persuade miners outside of their jurisdiction to use their software what doing the taxation? Also if I'm a Hungarian citizen on what grounds let's say the US or the Chinese govt would want to collect tax from me?

I think all the governments will put tax on bitcoin soon or later

If many governments are imposing a tax on every bitcoin transaction then what will happen may be the user's object because in addition to the high transaction costs they are now required to pay taxes as well. But, if a country is already able to use bitcoin for any shopping it may be considered fair by bitcoin users.

BTC transactions will be higher than what we have today,fortunately that wont happen because tx fees are based on blockchain,government cant regulate tx prices easily.

Any thing government can not control they will surely kill it. If government enact tax law on bitcoin, it will affect the profits members normally makes. A  lot of members will lose interest in the business. But will the government succeed how will the have access to the blockchain to calculate what has happened for a period.

If indeed it will happen maybe the appeal of bitcoin will go down but I think it's good also if the transaction on bitcoint is taxed, so bitcoin can be legalized in every country. Hehehe

Thinking the same here. People will lose their appetite/interests in bitcoin and bitcoin popularity will degrade. Bitcoin price will surely drop and there will be no use to get involved. I really hope it will not happen. If it does both the community and the governments are not going to benefit. High transaction fee and taxes, so there will be no more transactions and there will be no more taxes for the government.

It's hard to predict how they will create and enforce the law when it comes to crypto. We will see int he upcoming months.

I think this can not happen, but if it does, it won't make any difference as it will not have any effect on the interest that would be generated by any investor. Bitcoin is a short-cut to riches.

I think in the future this can happen. The government's decision to bring a tax on bitcoin makes btc dependent on governments. Bitcoins will be developed under the legal protection of many countries. And its value will be more stable

When btc is taxed, btc is also being administered by the government, and I'm sure that btc users will not be as large as they are now. Basically crypto transactions can be made without knowing who the owner of the account is, but when the government manages it I'm not sure that still exists. As you say, make sure the profits from the deals will decrease due to this tax.

Bitcoin is not an official currency. Most jurisdictions still require you to pay taxes on income, sales, salaries, and capital gains on anything that has value, including bitcoin. It is your responsibility to ensure that you adhere to the tax and other statutory or regulatory provisions issued by your government

Yeah of course they tax you when you earn money. This is why we need more payment options , so there is no need to cash bitcoin for usd any more.

The government's tax enforcement of bitcoin is very difficult to realize because the government has its own rules of currency in their respective countries and so far they always monitor the movement and development of bitcoin on the economy in the country. If they succeed in getting the best solution for this bitcoin then the rules they make should be beneficial for both parties ie the community and the government not to the rule is detrimental to one party.

It's bad if the government puts taxes on bitcoins. Bitcoin is developed because it is not managed by the government. If that happens, I think very few people will continue to use bitcoin.

They have already taxed it, are you dumb? It has been happening for more than months in here.

But it is only applicable on the United States and some countries of Europe.

It is hard to describe how it feels, it is like if everytime that you get some money, you need to give it to the president, and that is pretty sad to do.

the transaction fees of bitcoin are high and the government wants to put tax on bitcoin? then our earnings will decrease if that happens, maybe we should move altcoins but if the government wants to put on tax all cryptocurrency then that's insane.

For sure transaction fees will get higher compare today. And if that happen, one of the characteristics of Bitcoin will no longer apply which is lower transaction fees. I am thinking about on how could they implement such tax if it is not programmed in Bitcoin's platform.

Taxation is going to be logical thing for development of crypto currencies. I doubt that users will go away in the case of taxation, of course if % will be the same like for other profit or preferential.
Bitcoin was created exactly to skip taxes, but apparently they will not just let bitcoin to survive without that. Everybody want to earn on crypto currencies and the government is not a n excuse. We may only guess for what this money will go, will or life and place around us is going to become better or this money will go to military;s development as always or simply in pockets of politics.

I really think that bitcoin transactions are really difficult to tax. It is decentralized which would make tracking difficult. Another thing is that, our technology is not yet that advanced to cope up with bitcoin transactions and not everyone is aware of bitcoin yet. Maybe in the far future, government can tax it.

In the near future, all states will be forced to consider the issue of taxation from profits in the crypto currency. This question is not so difficult for the state. as some people think. Simply oblige all exchanges, exchangers to identify their customers and transfer data to the tax authorities, or charge and attention of the tax will be made automatically with each transaction, when the crypto currency will be exchanged for fiat. Here, you do not even need to identify the persons who carry out such operations. Also, the population will be obliged to voluntarily indicate their income in the crypto-currency under the fear of criminal liability for tax evasion and people will do it themselves.

may . That is bad news for bitcoin investors. They pay tax on btc payments. Bitcoin users feel more confused and feel unreasonable

The introduction of government taxes on transactoins can slowly kill Bitcoin. The essence of Bitcoin in his independence, anonymity and decentralization. Taxes are one of the main shortcomings of the official legalization of Bitcoin by governments.

I've heard of the chances about bitcoin taxation a lot of times. I think it will be hard for the government to make it happen because bitcoin is decentralized. What the government planning to do would be sort of selfishness I think. They will really get taxes anywhere. It's unfair for us because we're working hard for it.

I think it is reasonable from the government side, this huge avalanche of bitcoin activity is hard to stop, so it is better for the state to use its benefits than to try to break it.

I think the government will not be able to impose a tax on bitcoin, because the government must control and control the bitcoin in every transaction made by the community. if imposed it will cost big and long time and require expert. unless the government only facilitates and supports all bitcoin transactions to help serve the community

Probably tehere will be a little panic but once that goes away i think it will be ok. It also means that bitcoin is legal and can be used freely.

If our government imposes a tax on our goverment, it is also good that we can help our goverment and especially the poor but if the government is corrupt, i think it is not good to just help our neighbors. it's hard to get the hell we did to corrupt people

My opinion is little bit different from yours. If you look the condition of bitcoin apart from your profit after government impose tax on BTC, the condition of cryptocurrency will be much better because legalization of bitcoin would obviously improve the condition and several illegal activities associated with BTC would also be stopped and I guess nation security comes first before any profit and according to me the attraction of people will not decrease if government impose tax on BTC and even the legalization of bitcoin will be very helpful to all the bitcoiner.

If your country is bitcoin legal they put them tax.

I dont know, because in my country will never happen. there might be a bit of noise or vice versa, I think it will cause a long debate.

There are many opinions and arguments on this subject, and each country reacts differently to crypto-currencies, but the fact that regulation and prohibition in some countries will slow down the development of crypto-currency is a fact. Even news about this, badly affect the market.

First, they cannot put tax on something that doesn't exist in legislation, so, they'll have to recognize the crypto assets as a currency in order to be able to tax it. If they do not accept it as a currency, then they cannot put as an income tax like a salary. So, either way they try to stop crypto, they cannot have control of digital money.
If they declare illegal in some countries, then massive fiat currencies will flow out of their country.

tax bitcoin I do not think it will happen because I believe that the government will not withdraw tax from bitcoin due to the complicated system and also the ononim properties of bitcoin.

It is possible that in countries with a high culture of paying taxes citizens will pay money to the state. But in my country this will never happen. To control crypto currency, making profit, etc. almost impossible.

I am not really sure if this thing is possible. Bitcoin is decentralized which means governments has no definite control of it including the tax on every transactions. That is the advantage of Bitcoin but if ever this thing will happen, I don't think that it will push its users away from investing to Bitcoin since it is still profitable .

I'm gonna do my best to still use it while avoiding to stuff the pockets of bureaucrats.

I think it does not matter if Bitcoin is taxed, Bitcoin automatically has been recognized by the country and allowed to circulate...

I think governments' tax will make the market legitimate. as a result of this, all platforms will guarantee your investment and there will be no excuses to transfer money. tax % is also important because you can't put a random tax just because it's easy to earn

If it will be taxed, the attention to it will grow because of the fact that it got noticed,by tHe government, which means that it is legit. I have seen accounting procedures for crypto currency at the internet, i think there are countries who are already imposing tax on it.

They cant tax Bitcoin but they can tax if you exchange into Fiat money  South Africa are allready talking about doing this

https://www.enca.com/money/sars-could-soon-tax-your-bitcoin-revenue

it is good for the government to put a tax on bitcoin and it is also good for bitcoin because of they pay taxes to the government the government will accept bitcoin as legal way of earnings money online.

The profit may decrease specially in our corrupt country but I think the users won't decrease that much since we are still earning even if taxes are collected.

I agree, it possible that the government want some share like taxes, but as we all know the crypto currencies has no 3rd party involved like the government or any banking that will interact. I would say its possible since the bitcoin community and crypto currency community become larger as well as their value which the government we're alarm that most people on the online job have no taxes. As I remember on my school days that the government want some shares like taxes as their own constitutional law but regarding on online job I don't think if its possible. Maybe, soon on the future its possible due to the numbers of people divert to have a job in crypto currency cyberworld.

In the near future governments are probably planning this of implementing on people. They are going to impose it on income tax and all the ways of exporting and importing currency into the country. For current standards nobody can implement any kind of tax other than transaction charges on cryptocurrencies and that's why Government and private sectors are trying to launch their own cryptocurrency which will take over to Bitcoin and rule the whole Crypto market.

I used to think the same way, about consequences of taxation, but recently i’ve changed my mind. People really likes bitcoin and lots of people started getting used to the idea of taxation, including me. I don’t think that it’ll change too many things, probably people will accept this and move on.

I wonder how a TX-T ... Trasaction-Tax would look like in the blockchain ... ???

I think no one in this community will like it or allow this to happen. But if we're taking a look at it hypothetically, bitcoin will of course lost its main feature which is decentralized network. Bitcoin is created to left the influence of politics so putting tax on it will definitely make people lost interest on it and may result to its downfall.

I think the reason the government banned Bitcoin is not because Bitcoin cannot be taxed, because my country is one that banned  Bitcoin with the reason Bitcoin can be very dangerous...Bitcoin can be used for money laundering and asset transfers between terrorists.

Am tired of the threat from government, if there interest is putting tax to get there share from the technology, they should put it. There seems to be no way they can put the regulation to prevent anyone from making his profit, they should just stop all those bizarre regulation tirade. At some point the government will benefit from the ICOs, since the idea is now used in almost all sphere of life.

I personally hope this won't happen because I think this will end the cryptocurrency. Blockchain technology is created and innovated to give the people freedom and security. Taxes will just eliminate these features and the government will just play it around. Bitcoin is created for the people and I think the people should have the power over it.

I would be very happy if the government imposed a tax on Bitcoin, Bitcoin would be one of the recognized assets such as real estate, land, gold and another asset in taxes.
the effect of our use of Bitcoin will be safer, more free and faster.

for me personally if bitcoin is taxed by the government, it's probably the best. provided the government legalizes and promotes bitcoin progress.

It is not surprising that the government imposed a tax on bitcoin. This was to be expected, but I do not think it will greatly affect the attitude towards bitcoin in people.

That's good news because bitcoin is now legalized and everything will works efficiently, such as processing transactions, In my part in actual scenario, I hate most in peak days transacting money in banks because it takes me more time to wait to process my resistance and payment but now I believe bitcoin will do something better;)

I do not think it's possible for the government to have taxes for every bitcoin transaction because bitcoin is highly decentralized and it can not be controlled by the government and people who use it as anonymous. 8)

For me its okay to put some taxes on bitcoin as long its a not big. Because taxes help your country grow, so if you pay taxes you help your country and infact the taxes you pay to you will be return to you and your family

I think putting some taxation about the bitcoin is good to make it more acceptable in all countries.  Most of all countries the reason they banning is because no tax imposed. 
Tax is very essential since it is the life blood doctrine to support the operations of the government. It will be more good if this thing happen

Unfortunately, sooner or later we will get there. The BTC moves millions of dollars and governments will not give up taxing that money.

Hello! I believe that at the moment this thing is not possible at all because we are talking about a decentralized system that precisely for this reason is not regulated by anyone! This could happen if somehow it was regulated and therefore surely there would be consequences to be paid!

Bitcoin will lose its value because decentralization and independence make it so unique. And if the government intervenes, it will ruin everything.

In this case, it will at least be adopted by the government, which is also very good. The main thing that the tax was small.

Even that is impossible to happen i still believe that the goverment will used the money or the tax will get for all the users of bitcoin in a good way, so even our salary or income with bitcoin will deacreases because of tax it is still okay because the goverment will used it to improve our economy.

it the government put a tax on bitcoin, i will agree, it is a better decision to put tax on bitcoin than banned bitcoin in their country and i think, the user that use bitcoin will agree with this decision, because of course the bitcoin user don't want to bitcoin is banned, but i think the tax will given by income transaction, dont put a tax in bitcoin holder.

True,  those high fees and taxes is not a small amount and it is a big factor for those who only earn enough money that will help to provide the basic needs.

I think it will be very difficult because bitcoin from transactions is very difficult to track unless the government is working with a third party,, but if that happens there are many ways to avoid that tax  ;D ;D ;D ;D ;D ;D

In a short term, it may happen. The government has the authority to put or collect income tax from bitcoin transaction. Tax collected is also useful because can be used to support the government income from tax. Beside that it can support the economy. Beside that, collecting tax from bitcoin under formal laws or regulation will bring good news for accepting bitcoin legally. Of course , it can support bitcoin to grow better in the future.

I'm not saying it can not happen. All can happen to me. I would agree if the government imposes tax on bitcoins. Because according to me, with the tax applied by the government. Indirectly means bitcoin has been legalized by the government within a country. And all bitcoin users need not hesitate to future bitcoin in that country, in the future.

If for from a bitcoin system I think it will not be possible. but if in the case of the so-called ownership and it is considered an asset that has a tax value. it could happen. I've read it is considered because the transactions in the inter-country it must be in taxes. hope it will not happen.

personally I think that this will be very difficult to achieve because the decentralization project is definitely a developer in blockchain aimed at cryptography market.we should all remember that bitcoin has emerged as the world's international currency and is not related to one currency of another country, thus giving some flexibility to operate on its own terms through investors and other large investors in ICO. the government of a state should legally claim the right to the currency working on its own borders and enforce appropriate legislation through their own parliament in order for this to happen. the government always talks about it until it happens.

I have never heard of any countries that tax a bitcoin. But, if it really happens then it can be ensured that the country has made bitcoin as a legitimate currency in their country for various transactions to be used. I dream of it happening in my country so I do not have to make an exchange to use bitcoin as a transaction tool.

Imposing tax on bitcoin means the government has legalized it and users can use it any transaction within the jurisdiction of that government. However, once the government get hold of a share in bitcoin, the government tends to exercise some authority in the affairs and operations of bitcoin thereby shifting the paradigm from decentralization to centralization, which i think will not favor the crypto market in general.

It could actually happen for the reason that if they considered it as your asset.  If it will be happen,  I think it will lose interest because it is now taxed and yes,  you will lose some of your income because of the paying of the tax. But as a system,  it would be hard for bitcoin to be taxed because of its decentralization.

There needs to be a better arrangement on this, of course, many people disagree with taxation on bitcoin, but the legality of bitcoin is likely to be legalized if there is a clear rule on this, so that bitcoin growth will grow normally and increase, throughout the country.

 I think that is a bad idea to put a tax on bitcoin, we all know that we love bitcoin because we can get our whole salary here rather than n a job there's a tax that you need to paid. There are so many users here that are disagree on putting a tax on bitcoin.

I know government will after this bitcoin to be taxed, because there is a big money in here and it could really give them of what they wanted. But this things won't be happen if the bitcoin community will never give-up and still opposing government. Because once bitcoin become taxable, it could only lead to the government by controlling it and it's price will be affected. It could be possible also that more investors will stay away from crypto and shift into other investment. And with this, bitcoin will be called as decentralized and it's popularity will goes down.

how much they will put tax from your bitcoin? i think its not much than what you get.
its good when government take profit from bitcoin by taxed all user. it will help to increase their economic and also develop their country. because with tax collected by government it mean they accepted bitcoin.

Possible, the government could put tax on bitcoin if they were able to control or get hold of bitcoin and its investors. Once they get the hold it surely they will put tax on it.

In my opinion, the government will definitely get their eyes on taxing cryptocurrency especially now that the world is being informed about cryptocurrency, so there are a lot of people who are actually benefiting in cryptocurrencies and we are not talking about small amount of cash here, we are talking about millions of money, and I think the government will find a way to take a share of those earnings.

I want to make sure that Bitcoin should be legalized in every way because there is a lot of change in the use of Bitcoin. People who do not get jobs in the unemployed people run their jobs online, if the minimalist​ government can start VAT on it, we can use it, it is now impossible in many transactions which is very Restricted and hope that Bitcoin will be our main currency which will be accepted worldwide Bay.

if in my opinion can apply tax to its transaction, with its per-transaction value is 1 Satoshi.

if for holders of Bitcoin it is not necessary to apply taxes because Bitcoin itself up and down its price.

so the core is the government can tax from the results of Bitcoin transactions to Altcoins, or Bitcoin to Fiat.

If a government put a tax on bitcoin this will be the disadvantage for us. Because when it's happend the government will get some of our income that may affect in our budget. But on the other hand it is also a good advantage for us. When government put a tax that means bitcoin is already legal. And when it became legal the us of it will be widen. And more benefits that we will get because bitcoin will be more popular to our country. But when government did not succeed to put a tax on bitcoin they will put a high tax for the accessories.

If the government puts a tax on bitcoin, of course some users will lose their attraction on bitcoin. I don't think that it would happen because the government didn't know who to charge taxes. But I know there is a good side to happen if this happens. If they charge a tax on bitcoin of course most of the people on the government will know a lot about bitcoin and it is one way bitcoin can help in the government's economic needs.

If the government imposes tax on Bitcoin, of course, it will make Bitcoin users panic, because now we all know that Bitcoin users use real cash to avoid taxation one of the reasons.

If it happens there is a positive side, meaning the government has started to open and accept bitcoin or even legalize bitcoin. I think if the tax is worth it it would not be a problem as long as the legality is clear, and the possibility of interest in bitcoin will not decrease will increase.

The freedom Bitcoin has makes it almost impossible to trace its transactions and tax it, However, if the governments succeed in axing it, the freedom will be lost as it will now be under regulation and therefore its attractiveness as an independent venture will be lost. However, there might be positive consequences there will be more trust on bitcoins as it will be under the keen eyes of the government and the risks involves in investing in it reduced, this may in turn attract more investors on board which in the long run is a good thing.

Yes, it may be true that if the tax is applied to the MOF, perhaps the next time the BTC price will rise further, as the nature of the price includes taxes. Therefore, during this time not applied clearly, let's grab the opportunity to buy BTC right now.

They can but its not easy

I'm sure every country would gladly take a tax for everything that people do. I think they have been thinking for a long time how to get their share with the cryptocurrencies, because it is convenient and profitable. Most likely the use of cryptocurrencies will be taxed.

I agree with you, the tax enforcement for every Bitcoin transaction will result in reduced profits from Bitcoin.
This will reduce the interest of people in starting Bitcoin because of course, the tax is not small considering the value of Bitcoin is high enough.
Hopefully, the government in applying the tax is just a discourse and if taxes are done do not cut the huge fees for Bitcoin users.

It is possible, but its not easy to put an tax on bitcoin. Several procedure to do, because bitcoin is a decentralized currency that earn on social media.

For sure transaction fees will get higher compare today. And if that happen, one of the characteristics of Bitcoin will no longer apply which is lower transaction fees. I am thinking about on how could they implement such tax if it is not programmed in Bitcoin's platform.

I think if we want cryptocurrency to be accepted in the country, we need to let the government make a regulation about crypto so they can do what they think they need to do and if they want to put a tax on every bitcoin user, then they need to think about how much the fee that we need to pay. maybe we can discuss with them and negotiate how much the fee that will not make us too difficult to pay the taxes.

if the government levies a tax from bitcoin players it seems to be silly and funny because bitcoin means its movement can already be controlled by the government and away from such government. that is very silly.

It that happen? I think the people would have decrease interest on bitcoin some will refuse and find some crypto that has no tax. It would be hard also especially for those people has first time in this industry.

I think there will be no consequences. For my point of view, if bitcoin will have a tax and it will benefit the community then it is a positive outcome which many people and the government will support cryptocurrency.

It is likely that future (updates to) cryptocurrencies will make transactions even more difficult to link to an identity than is already the case right now. This will indeed be a daunting challenge for the IRS in the near future.

But making cryptocurrencies illegal would be very unwise: blockchain technology will prove indispensable for economic growth.

Maybe it will become necessary to completely rethink the current taxation system and come up with something radically different.

Some countries do not levy taxes on bitcoin because they do not accept bitcoin as a formal asset. However, there are also some countries in the world who view bitcoins as valuable assets such as Korea, Japan, Germany. Specifically, in Korea, a set of rules has been issued by Korea at the beginning. month to limit financial companies to invest extensively in pre-coding. South Korea also offers income taxation to investors in currency trading and trading.

Collecting tax is best way to regulate bitcoin in their respective country bitcoin traders can welcome government collecting tax from trading so that they can trade bitcoin and pay back tax to their country development

if the government provides a bitcoin tax it will reduce the interest of someone to buy bitcoin because it will reduce profits. I think there will be many people who will complain and will fight against the government. I do not think it is necessary to provide a tax on bitcoin because the transaction cost of bitcoin already exists.

You're right the profit of the bitcoin users will be lessen because 5% to 10% of the salaries of the bitcoin will be go to the hand if government. There is good and back effects of getting tax of government from the users, the good effects is they will use the money to build infrastractures like public hospitals, school, health center etc. but beside the good things there is always a bad, the bad effects is they will get the money and they use it to their own needs and leisure to fulfill their wants.

Western county can put taxes on bitcoin, as they can track people bank account activity easily but in Asia it will be difficult to keep an eye as there are tons of way to hide your money.

Government can put tax on Bitcoin withdrawals to fiat, but not on every trade between Bitcoin to alts. Crypto is so volatile. We cannot tell if the investment we are investing will come back with a profit or become loss from the trade. Instead of eyeing on crypto currency the government can put a higher tax on vices like cigarettes, beers, prostitution bars, gay bars.

very influential once the government imposes a tax on bitcoin because any incoming funds will be reduced by discount .. but it also makes it difficult for the government to include taxes on this bitcoin, because bitcoin is not a medium of exchange only as a digital commodity ..

I agree with your opinion. The government will impose a tax up bitcoin as bitcoin is increasingly affecting the economy of their country. Certainly profits for investors will decrease but this will ensure that bitcoin will not die. We can continue to exploit and benefit from bitcoin

I think that might happen but not now so do not worry about it. No government has imposed taxes on it. at least not in the shortest time.

That's pretty much inevitable now mate. Governments, as much as they are the entities that control their countries, are also business entities that search for ways to enrich themselves for the betterment of their people. And this market, being a legit and profitable one would not be out of their attention, especially now that it has been proven that, although it has its risks, it also has its pros that usually outweighs all the negative stuff surrounding it. So, since they have the power to control that, and imposing taxes being one of them, it surely will lead to that in the future.

I agree that the profit will decrease. But there is a positive factor - you will work legally, that is, the state will not be able to bring you to administrative or criminal responsibility.

It's like a double-edged sword. The government can not levy bitcoin, which makes bitcoin more and more invested and tax evasion, but bitcoin can be banned by the government for being uncontrollable. and when banned by the government. There will be a series of strong measures that will directly affect the bitcoin value. We can see that the Chinese ban on ico has caused bitcoin to drop by 10% within a few hours

I think the people will not like this idea to happen. What made bitcoin special for me is that it is decentralized and it is free from any political influences. But then if the government did not favor the cryptocurrency industry, it will not last long I think. If only the government can acknowledge the block chain technology without trying to take control over it, then may be our society will accept this innovation finally.

It is not good to put a tax on bitcoins. Basically, the government receives wages from the taxpayer's slot, and they do not spend money as people wished, and money that was taxed also did not reach people. But all the same, we understand that any state wants and will levy taxes from the crypto currency

That we never happen because because there is a way the system is program that can never work with any government because is not them that create bitcoin but if bitcoin try to work with the government meaning it will go down, but that can never happen.

We must remember that Bitcoin appeared as the International Currency of the World and is not associated with any one national state currency, therefore gives him some flexibility to work on his own terms through the ICO and other large investors. But every state will still find a way to levy taxes with citizens who earned a bitcoin or altcoyinah

One of the bitcoins perks is the very cheap and not expensive tax rate when it comes to trading. So putting tax on it would really affect its reputation directly. Most of its user will also complain about it.

Yes it can be happened nothing is possible if our Government want but it take long time because it is not easy to have regulation about bitcoin tax.

Azerbaijan to Tax Crypto Incomes and Profits
"Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku."
“Incomes from operations with cryptocurrencies will be taxed. Formally, this means – corporate profit tax for legal entities, and personal income tax for individuals,” the Tax Ministry’s representative stated. “If someone bought cryptocurrency and then sold it at a higher price, that amount must be reported as income and subjected to taxation,” Imanov explained.
Source: https://news.bitcoin.com/azerbaijan-to-tax-crypto-incomes-and-profits/

i think that the maximum tax code (25%) is acceptable in comparison with other countries. And it's a giant step of Azerbaijan government to gradually accept cryptocurrency

regards

Why you people are so afraid of taxation?since this is our obligation for our making an earning here?i think you need first to realize that if a regular job that only giving you small income then what about here that good profit is what we are earnin.

The administration's expense authorization of bitcoin is exceptionally hard to acknowledge on the grounds that the legislature has its own guidelines of money in their particular nations thus far they generally screen the development and improvement of bitcoin on the economy in the nation. On the off chance that they prevail with regards to getting the best answer for this bitcoin then the standards they make ought to be painful for the two gatherings ie the group and the legislature not to the run are unfavorable to one gathering.

They can't forced tax on it unless they will legalized it in each nation. In any case, BTC is decentralized nobody can gave a control by it. Its a long due process before they thought that it was legitimate. On the off chance that they forced tax on it will influence our earnings in each component of it that we take a shot at.

If ever that the government officials will put a tax on Bitcoin; it will result a big impact to all cryptocurrency users. Some will accept it but most of the people will definitely get mad.

for me Tax is a prerogative of the government. If they so be it. Trading of cryptocurrency there is no different from Because they will not allowed government to put tax, because bitcoin is private.other business that pay taxes.

I single handedly disagree with this on the view that this is going to be extremely hard to achieve due to the decentralisation project that inevitably developers in blockchain are aiming for in the cryptocurrency market place. We must remember that Bitcoin has surfaced as an international currency of the world and isn't linked to any of the  country currency, therefore giving it a certain flexibility to operate on its own terms through ICO's and other large whale investors. The government of a country would legally have to claim right on the currency working in its own dormain and pass appropriate legislation through their parliament for this to happen. In that case it will be very difficult to put tax on bitcoin and others

many countries will put taxes and fees over bitcoin which is very much effective and important in currency world. in this regard bitcoin will be stable and fleaxible.

If the Government will put tax on bitcoin, then they should also legalize bitcoin because they are already putting bitcoin as a part of the country's economy and the country will gain more money from bitcoin so they should also consider it to be used by other people in the country.

We do not delude ourselves. Taxation will come sooner or later even in cryptocurrencies. I have read that in the United States the government has already recommended to indicate the earnings in cryptocurrencies in the tax return and all the other governments will find a way to tax such a rich market.

Indeed, if viewed in terms of revenue will harm us. If you look further it will benefit us, because the government will legalize Bitcoin and we will be free to transact without fear of any prohibition.

Also I am convinced that the time will come to pay the taxes on the btc. I hope that the government understands the difficulties of this market, the risks and the time needed to obtain a result and decide for a fair taxation.

Yes. You are right. I think this is one way to apply taxation in Bitcoin. Although it is still difficult to find the right way. So a few days ago there was a country that determined all Crypto exchanges in that country had to apply KYC obligations to its users. This is one way to make it easier to find out who owns a crypto asset.
I just want to add my personal opinion. I think if a system like this is applied then it means that cryptocurrency is getting closer to the bright spot. fewer steps will be recognized by the world. So legal everywhere.

Of course, this option is not excluded. The government can impose a tax on every transaction in bitcoin. I read that this happened already in Poland. There, citizens were required to fill out a separate document for each transaction in bitcoin and transfer this data to the tax authorities, that is, all the difficulty in collecting such information was shifted to the shoulders of the citizens themselves. This caused massive dissatisfaction and indignant citizens are organizing a protest there. How this will end, we'll see. However, if the tax authorities themselves collect such information, then this is unlikely to be possible. It would be more reasonable to set a minimum amount of a transaction in a crypto currency that would not be taxed, and this amount should be decent enough to free everyone from fixing small amounts that do not greatly affect the size of the future tax.

Do you agree if I say "Implementation of taxation in cryptocurrency will make cryptocurrency more valuable"?
Because, in my opinion, if the taxpayer applied in cryptocurrency that means crypto legal, if it is legal means bitcoin users will be calmer. No need to worry about expensive taxes. Because to be taxed the only crypto stored in the local exchange. whereas crypto owned and stored in a decentralized wallet cannot be known who owns it.
Sorry, this is just my thoughts. Please correct if this is wrong or does not make sense.

I do not think it would be possible if the government collects taxes from bitcoin owners as long as the taxes are in accordance with the number of coin owners and the taxes are used appropriately without being corrupted by the government officials concerned.