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Title: Bitcoin Tax : coinbase Post by: wonderchaff on December 31, 2017, 05:08:07 PM I saw that US costumers have to pay tax from bitcoin transactions. I am from Europe and i just wanna make sure it is really only for US costumers even though it is US based company , and what will happen when US costumer will not pay tax ? Can someone explain me this situation ? My country don't have laws about this crypto-currencies
Title: Re: Bitcoin Tax : coinbase Post by: Nubitcoinerr on December 31, 2017, 05:10:40 PM Where did you "hear" this from?
Title: Re: Bitcoin Tax : coinbase Post by: Don Pedro Dinero on December 31, 2017, 05:12:32 PM In what EU country do you live in? Depending on the country, you will also have to pay tax, or not.
What’s happened is that people were legally obliged to pay tax, but it was upon them to declare it or not. And they could or could not get caught. What’s happened in the US is that Coinbase has been ordered to report data on some users, so those users will get caught if they haven’t been declaring. Everything seems to point to a future direct sending of data from exchanges to governments. Title: Re: Bitcoin Tax : coinbase Post by: wonderchaff on December 31, 2017, 05:33:41 PM My country is around 20 years behind :D we don't have any crypto-currency laws. Our government don't react on crypto-currencies. I was just curious cuz it is US based company no my country based company and we don't have any laws about this and our government don't care about crypto-currencies so than i don't have to pay taxes. Am i right ?
Title: Re: Bitcoin Tax : coinbase Post by: BitBustah on December 31, 2017, 05:35:28 PM Belgium is considering a 33% tax on BTC exchanges. 33%, can you believe that? :s Edited to add: I was told that European law prohibits paying taxes on currency exchanges. Too bad BTC is not an official currency here. Title: Re: Bitcoin Tax : coinbase Post by: randy321 on December 31, 2017, 05:37:43 PM There are very few countries in Europe (I think zero ;D) where you don't have to pay taxes on your income. Talk to an accountant in your country! You don't want to take any chances with the law.
Title: Re: Bitcoin Tax : coinbase Post by: salamyman on December 31, 2017, 05:39:44 PM There are very few countries in Europe (I think zero ;D) where you don't have to pay taxes on your income. Talk to an accountant in your country! You don't want to take any chances with the law. Income tax is a fraud. You have to pay tax for your own work? With your own tools? What the hell did the government provide to help you? It's no different than the protection taxes used by mobsters in the past. Title: Re: Bitcoin Tax : coinbase Post by: bitfocus on December 31, 2017, 05:45:40 PM Are you sure about this? It seems a rumor to me.
Title: Re: Bitcoin Tax : coinbase Post by: wonderchaff on December 31, 2017, 05:46:10 PM Are you sure about this? It seems a rumor to me. check coinbase.com Title: Re: Bitcoin Tax : coinbase Post by: Don Pedro Dinero on December 31, 2017, 05:54:02 PM My country is around 20 years behind :D we don't have any crypto-currency laws. Our government don't react on crypto-currencies. I was just curious cuz it is US based company no my country based company and we don't have any laws about this and our government don't care about crypto-currencies so than i don't have to pay taxes. Am i right ? My country doesn’t have laws on cryptos either, but we do have to pay tax, so you’d better do some research. What has happened in my country is that some lawyers asked legal binding questions to the “tax department” of the government (dirección general de tributos). What they answered is of legal compliance, so something similar may have happened in your country. Title: Re: Bitcoin Tax : coinbase Post by: QuestionAuthority on December 31, 2017, 06:03:38 PM There are very few countries in Europe (I think zero ;D) where you don't have to pay taxes on your income. Talk to an accountant in your country! You don't want to take any chances with the law. Income tax is a fraud. You have to pay tax for your own work? With your own tools? What the hell did the government provide to help you? It's no different than the protection taxes used by mobsters in the past. What do you have against fire departments, street lights, highways and grade schools? If we eliminate taxes are you going to pay for those things? No, you won’t because you’re a sociopath that hates society. The rest of us have to threaten you to make you pay your share. We do that by using taxes. LOL |