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audaciousbeing
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October 21, 2016, 05:00:24 PM |
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I dont think there will be anything like tax on bitcoin since its just an evolving area where countries are begining to take interest in and to those who have interest in it are trying to or intepreting it to be illegal and so discouraging their citizens from patronizing the coin how on earth will they now tax it? To the rest their laws as at the time it was enacted never imagine the existence of Bitcoin there would not have captured it into the tax net among other reasons. Let's say five to ten years from now, then we can have new laws or amendment to old ones to take care of Bitcoin.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Harlot
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October 21, 2016, 05:13:09 PM |
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I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.
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Bitcoinsummoner
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October 21, 2016, 05:22:25 PM |
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I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.
Only the fee for transaction we are need to pay to be sent.. maybe you are using some free transaction like coinbase.. and its impossible that there is fee for the tax since bitcoin is not assiociated with government, |
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shahab khan
Newbie
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Activity: 7
Merit: 0
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October 21, 2016, 05:29:39 PM |
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its an internet currency not a real or a proper currency like countries have so there is no tax implementation .
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harizen
Legendary
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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October 21, 2016, 05:31:28 PM |
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I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.
Yes it depends on the country. Like here in our country, one of the local exchanger here is a registered company meaning they are paying taxes in the goverment. Literally bitcoin has no tax but the exchange rate in that said exchange really has a far range of price compare in some of the exchanges. So I can considered that as paying tax in just a different form. But well no worries since their service really benefited us here. |
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Osarman
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October 21, 2016, 07:36:57 PM |
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its an internet currency not a real or a proper currency like countries have so there is no tax implementation .
i think internet currency mean online currency but we are able to use bitcoin for direct or online shopping easily because bitcoin are going to advance and modern and i also using bitcoin in everywhere for shopping and bitcoin is available in all countries. |
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BitcoinMarshal
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October 21, 2016, 07:41:07 PM |
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Its internet Currency and I don't think I have any tax in last few months for using this and no one can implement tax on this so surely answer is bitcoins have no tax
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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October 21, 2016, 08:35:08 PM |
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Its internet Currency and I don't think I have any tax in last few months for using this and no one can implement tax on this so surely answer is bitcoins have no tax
It has nothing to do with implementing tax. It's all about your honesty when filling in your tax declarations. If you openly declare everything, then sure, you must pay tax. If you don't declare anything, then the government will not know about your holdings, and thus you don't pay tax. But of course this also depends on what country you are living in. |
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zahra4577
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October 21, 2016, 09:02:56 PM |
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Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
F Transaction fee is distributed among miners who confirm the bitcoin transaction on blockchain.Without mining bitcoin will not move |
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springgers
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October 21, 2016, 09:30:19 PM |
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I don't know why your wallet charge you with something. But my wallet never charged me anything from sending or receiving bitcoin. Also the tax maybe from transactions are because of Value-added Tax in which the government applies tax to all products/businesses/services. Well it depends on your country if they enact a law about VAT.
Yes it depends on the country. Like here in our country, one of the local exchanger here is a registered company meaning they are paying taxes in the goverment. Literally bitcoin has no tax but the exchange rate in that said exchange really has a far range of price compare in some of the exchanges. So I can considered that as paying tax in just a different form. But well no worries since their service really benefited us here. Because it's money, you have to declare it if you have a lot of Bitcoins.... And well, the exchanges charge a tax because it's a service, for example they charge 1% because they are doing a work for you and maybe the bank charge another tax for the transaction... Bitcoin itself just have transfer fees(low af). |
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apriloni
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October 21, 2016, 10:24:52 PM |
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i think bitcoin have not any tax and because bitcoin is not approved by any country but i think sooner many country approved the bitcoin and then tax will be apply on bitcoin and i think we can be also paying tax.
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kampretosChoalathos
Member
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Activity: 62
Merit: 10
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October 21, 2016, 10:35:04 PM |
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during bitcoin not yer in regulated in some country
bitcoin can't pay TAX
but in japan is ready regulated, marketplaced exchanger in japan is can TAX, in trading can fee to pay TAX
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Skarner21
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October 21, 2016, 11:14:42 PM |
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during bitcoin not yer in regulated in some country
bitcoin can't pay TAX
but in japan is ready regulated, marketplaced exchanger in japan is can TAX, in trading can fee to pay TAX
How did you know? i never heard any news about tax in bitcoin in japan.. i think its still not paying tax. since bitcoin still not accepting locally in that place.. unless if they are the same as brazil that has more than 150 stores are accepting bitcoin.. |
Make crypto as your bank.
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th3nolo
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October 21, 2016, 11:30:39 PM |
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we can speak of two types of taxes in bitcoin, which they are paid to miners and those who are paid to exchanges.
Fee for miners is the incentive for your transaction be processed by the bitcoin network in less time. depending on the number of bits of your transaction.
Fee for exchanges, is the pay we do for the government regulations in some countries, generally is a low fee.
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betohell
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October 21, 2016, 11:32:29 PM |
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Its internet Currency and I don't think I have any tax in last few months for using this and no one can implement tax on this so surely answer is bitcoins have no tax
yeah I think the government will not be able to implement the tax into bitcoin, bitcoin very anonymous so I think they do not know where the user of their own country lol |
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klf
Legendary
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Activity: 1344
Merit: 1000
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October 22, 2016, 12:18:02 AM |
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Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us. Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal. What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account. |
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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October 22, 2016, 12:51:20 AM |
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Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us. Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal. What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account. Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what. Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money. All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on. |
BSV is not the real Bcash. Bcash is the real Bcash.
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Indrawan77
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October 22, 2016, 01:11:50 AM |
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Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us. Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal. What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account. Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what. Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money. All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on. Yeah they don't care and they can't do anything when your bitcoin is still in your wallet, when you change it into fiat that is the time government going to taxed you, so if you don't change it to fiat then government can't tax you |
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delliaerd
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October 22, 2016, 02:10:57 AM |
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Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
Are not true, and what about I always need paying a tax for the miners in every of my transaction, I think that's also including the tax.... the tax is not always be held by the government but the another parties or subject can be held a tax for us. Lol. Yes obviously we need pay as a feed to miners. Who are helping us to transact the money via blocks. However I don't think it's wrong to pay this less fees instead of paying huge to Wu or PayPal. What we are paying to miners is not a tax but it is the fee for their work. Tax is something you will pay for the government to support your country growth. I don't think as of now is their any tax for bitcoins unless you convert them into cash and withdraw to your bank account. Cashing out coins to your bank account doesn't make any difference because of the fact that in most of the countries you have to pay tax over your coins no matter what. Governments don't care what you do with your coins. Whether you have 10BTC that is valued at $6290 right now, or just that amount in money, it doesn't matter since Bitcoin is also money. All your government cares about is that you pay tax according to what you own, trade, have sold, and the list goes on. Yeah they don't care and they can't do anything when your bitcoin is still in your wallet, when you change it into fiat that is the time government going to taxed you, so if you don't change it to fiat then government can't tax you The One best thing of bitcoin that I like is the anonimity, it is the advantage of using bitcoin. I think fee for minner is just the same as while we do a transactopn in bank but it is more lower fee. Blockchain is make a new system that make more dificulty to trace the history of transaction. So goverment still can not trace it and force bitcoin users to pay tax. Bitcoin is the best way to avoid tax by goverment. I think pay tax to minner is cheap enough, that is for their work. Although there is a tax like that in bitcoin, but bitcoin is still good to be a currency and an investment. |
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ajun96
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October 31, 2016, 10:12:09 PM |
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Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
true agree with you of course the government will not be able to force someone to pay taxes because he using bitcoin, the government will not know if you bitcoin users or not dude ? so you're very easy to not pay and avoid the tax ? so I think this idea is impossible to be happen? |
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