this is interesting, wishing all states and all country in the world following them
Beginning from this week, Ohio becomes the first state to accept tax payment in Bitcoin. Reporting to Wall street journal, companies in Ohio who are willing to pay tax bills via Bitcoin should visit “ohiocrypto.com”. By registering over the websites, businesses will be able to pay an array of taxes (notably 23 taxes) including tax of cigarette, tobacco and fuel sales to employee withholding taxes”.
The article notes that;
Eventually, the initiative will expand to individual filers,”
As per the sources, Josh Mandel, the State Treasures states will leave the position by January which will be replaced by Robert Sprague. Mr. Mandel told journal that he doesn’t see bitcoin as a “legitimate form of currency” and he expects another state to walk on the similar footprint. However, Mr. Mandal is the first state treasure to allow people paying taxes with crypto since the payment in bitcoin is quite secure, transparent and instantaneous.
Source: ohiocrypto
ohiocrypto.com website notifies its users about the BitPay services, stating that;
“BitPay sets the exchange rate for a 15 minute allotted time window for each transaction once a business taxpayer begins to make their payment at OhioCrypto.com. “BitPay assumes the risk of any market fluctuations during the allotted time window.”
source
https://coingape.com/ohio-accepts-tax-payment-bitcoin/
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