As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default.
Read The Full ArticleIn your opinion, is it a good idea to deliberately avoid taxes in your country? And thereby destroy it. In my opinion, this is extremely irresponsible and immoral.
Because of such pazitsy as your, bitcoin and other crypto-currencies are considered as a cover for criminals.
In addition, not everything is so simple. It is always easy to replace the income tax with the value-added tax.