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Author Topic: possible government regulations?  (Read 9398 times)
deisik
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December 02, 2016, 07:35:00 PM
 #241


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What I am afraid of to happen, is the time will come that our transaction will be tax..

transactions will never have taxes!
taxes will be paid when you buy something or sell something or in other words when you are doing business , it is the same taxes you pay when you buy with fiat.

Yes I have same opinion. There is no way to tax transactions. On the other hand if you buy something and the store gives you the receipt then you will pay taxes after the conversion in local currency like as you have in your pocket US dollars go somewhere in Europe buy something with dollars and seller gives you a receipt in Euro.

While it is certainly true that taxing transactions can be a hell on its own and would most certainly require a hard fork (to be done properly), which would instantly kill Bitcoin, nevertheless, effectively all transactions can be taxed if governments somehow manage to tax Bitcoin miners. For example, they could check all block generating transactions (wallet addresses) in their own ledger, and if some miner doesn't pay a tax, they will go after him...

That may be hard to implement, of course, but still a lot easier than tracing individual transactions

raven7886
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December 03, 2016, 07:56:43 AM
 #242

I think this regulation is useless cause the great amount will Just keep let in secret wallet, and people will Just show to governament what they want to show, this will let this things easily for us.

This is only IMHO
But in my understanding, a possible regulation will come into effect only when you are going to use or as per current scenario when we are going to convert your bitcoin into fiats by using your bank accounts. Unless then, it will not be possible for any government to regulate all your bitcoin usage. Yes we can show only whatever amount of bitcoins we prefer to.
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