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Title: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... Post by: LiteCoinGuy on December 09, 2014, 04:08:24 PM New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay Sales Tax
The New York State Department of Taxation and Finance has said that bitcoin purchases will not be subject to sales taxes. According to a tax guidance memorandum from the agency’s Taxpayer Guidance Division dated 5th December (hat tip Marco Santori), digital currencies are a type of “intangible property” and, as such, are not subject to a sales tax when purchased. http://www.coindesk.com/new-york-state-tax-agency-bitcoin-buyers-dont-need-pay-sales-tax/ Title: Re: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... Post by: kjlimo on December 10, 2014, 10:18:55 AM Holy crap! This is huge!
I wonder how many states will be similarly situated? Title: Re: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... Post by: AJinNYC on December 10, 2014, 10:22:32 AM I'm shocked they didn't try to come up with some ass-backwards way to do it. They seriously turned down an opportunity to tax someone?
Title: Re: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... Post by: LiteCoinGuy on December 10, 2014, 03:52:33 PM Holy crap! This is huge! I wonder how many states will be similarly situated? price should be at 200 USD tomorrow :P Title: Re: [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay... Post by: kjlimo on December 11, 2014, 01:35:21 AM Holy crap! This is huge! I wonder how many states will be similarly situated? price should be at 200 USD tomorrow :P Haha, because everyone will be spending? |