[2015-06-18]DMT - No Bitcoin VAT in Switzerland, Will the EU Follow Their Lead?

[jdebunt]

http://digitalmoneytimes.com/crypto-news/no-bitcoin-vat-in-switzerland-will-the-eu-follow-their-lead/

Bitcoin regulation and taxation remains a focal point for governments and digital currency enthusiasts worldwide. With so many countries still on the fence on how they should handle this disruptive alternative currency, it is difficult to predict how everything will play out in the end. But if you live in Switzerland, you can rest assured, as there will be no VAT to pay on Bitcoin for now.

[bryant.coleman]

You can't even compare Switzerland with the EU. The EU is being effectively run by a banking cartel, as evident from the recent Cyprus / Greek crisis. On the other hand, although many of the banks are having their head-quarters in Switzerland, the people there live without the banker exploitation. The tax rates are low, and individual privacy is respected.