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Title: 2013-08-20 Germany plans tax on bitcoin Post by: patricktim on August 21, 2013, 11:20:30 AM http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html
The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”. Title: Re: 2013-08-20 Germany plans tax on bitcoin Post by: Carlton Banks on August 21, 2013, 12:13:57 PM http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”. At what point after an event has already happened can we legitimately start calling "news" "old news"? This example is bizarrely borderline: their headline implies they haven't fully implemented this ruling yet, to sort of suggest some kind of dynamism or motion, as opposed to the real situation: static. Title: Re: 2013-08-20 Germany plans tax on bitcoin Post by: favdesu on August 21, 2013, 12:49:59 PM Quote However, the ruling may prove difficult to enforce, as Bitcoin are traded anonymously, and therefore cannot be traced. that's all you need to know. edit: telegraph's translation is wrong too edit2: TL;DR "Bitcoins are NOT stocks or shares (which are taxed at 25pc)." |