ljudotina (OP)
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October 22, 2015, 09:55:36 AM
Last edit: October 22, 2015, 08:53:01 PM by ljudotina |
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tom555
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October 22, 2015, 11:57:23 AM |
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as i think before,not just a virtual currency
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Lauda
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Terminated.
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October 22, 2015, 12:02:07 PM |
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as i think before,not just a virtual currency
You didn't open the link did you?
This is great. It was about time that someone did something right. Good job EU. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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zcxvbs
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October 22, 2015, 12:17:06 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
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TibanneCat
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BTC > etc
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October 22, 2015, 12:21:37 PM |
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A sensible decision by the ECJ! Hopefully will pave the way for other jurisdictions to reach the same conclusions In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
And you can't exchange one fiat currency to any another currency?  |
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Pathi
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October 22, 2015, 12:22:39 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
The same can be said about US dollars etc etc. |
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dothebeats
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October 22, 2015, 01:01:36 PM |
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Just about right, actually. Good thing that the ECJ finally come up with a concrete explanation why bitcoin shouldn't be subjected to consumption taxes.  In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
I can change my currency to USD without a hassle anytime, too. |
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Mickeyb
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October 22, 2015, 01:04:27 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
Bitcoin is many things. First of all a powerful technology, than also a currency, commodity and who knows for what else will people be using it and what applications will be able to be developed on the top of the Bitcoin blockchain. Very nice decision for Bitcoin indeed. Once again it is confirmed that EU is the softest toward the Bitcoin of all of the parts of the world. Hope others will follow. |
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okae
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northern exposure
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October 22, 2015, 01:23:06 PM |
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well, is not EU who should tell you what is money and whats not, is the people who decide whats is money and whats not.
ofc that bitcoin is money, you just need two people who accept it as a change.
btw besides it, thats a good news, things are going in a good way.
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Zeroxal
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October 22, 2015, 01:33:21 PM |
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Basically every that people would want to exchange for other things is money. Bitcoin however is virtual and cannot be physically regulated by the government and are very hard to trace the transactions.
But I don't understand how the government would regulate it and take taxes from every person...
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thejaytiesto
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October 22, 2015, 01:40:37 PM |
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Well you can Andreas if it is or isn't money. He has been living on Bitcoin for a while now. Member here called Elwar I think, it's also somehow living off Bitcoin. If you get paid in Bitcoin I guess it's really cool and convenient, not so much if you have to buy it. If you have to buy it, you tend to give it a use of more like gold, something you want to hoard, while you keep using fiat for groceries and whatnot.
PS: I still don't understand how taxes with BTC work.
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jacee
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October 22, 2015, 01:49:25 PM |
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Well ofcourse it is. Bitcoin being a virtual currency has a high value when converted to fiat or real money. My thought is if something has a value that works just like how fiat works it is money. It's like back when on the ancient times where you use items to do trades, then comes the coins created to trade, until today to the fiat we use to exchange services and other stuffs, we are heading to the part where we use a virtualcoin to trade.  |
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Betwrong
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I stand with Ukraine.
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October 22, 2015, 01:50:32 PM |
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Well, I think they made the right decision. I mean for me any decision of a court which makes holders of Bitcoin feel better is right. ) "Those transactions are exempt from VAT under the provision concerning transactions relating to 'currency, bank notes and coins used as legal tender'," the ECJ concluded. |
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jjacob
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★Nitrogensports.eu★
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October 22, 2015, 02:04:53 PM |
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Good to hear that. The EU seems to have taken the right decision.
The question is why would Swedish tax authorities want to impose VAT on it?
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OrientA
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October 22, 2015, 02:14:02 PM |
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According to the Financial Times, the ECJ said that bitcoin transactions "are exempt from VAT under the provision concerning transactions
relating to currency, bank notes and coins used as legal tender."
So it is money.
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Amph
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October 22, 2015, 02:19:55 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here |
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Pab
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October 22, 2015, 02:22:39 PM |
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Hip Hip Hurray,no more 23% vat taxfor btc in my country,maybe now merchant what accept btc will appear
great news
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OrientA
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October 22, 2015, 02:49:17 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here Does bitcoin attract vat in the US or just as a kind of income and you have to pay tax on it? |
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LiteCoinGuy
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In Satoshi I Trust
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October 22, 2015, 03:04:55 PM |
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no, it is a commodity. i want some blockshares!
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dothebeats
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October 22, 2015, 03:23:43 PM |
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In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here Does bitcoin attract vat in the US or just as a kind of income and you have to pay tax on it? Afaik, they tax it by capital gains in most parts of the US. |
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