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Author Topic: Who is Easier to Convince? Employer to Pay in BTC or Local Store to Accept BTC  (Read 2185 times)
Senor.Bla (OP)
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August 16, 2016, 08:19:38 AM
 #61

Of course it is much easier to convince the employers because they can pay your salary without tax. Same as you receive your salary in much higher than usual because its tax free

this would not work in most of the countries i know. if you try to circumvent taxes i can guarantee you, that you will get in trouble or you are so unsuccessful, that it is not worth it anyway. In most countries i know (in the so called western world) the state needs to know to know that you work and how much you make, because they want to tax you. other work is not allowed. this sounds stupid, is stupid, but what you gone do?

ranochigo
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August 16, 2016, 09:13:22 AM
 #62

It is definitely much easier for merchants to accept Bitcoin instead. Merchants just need to sign up for a POS system and they can implement it easily. There isn't any cons to it even if customers choose not to use it. It is also rather easy to exchange them for fiat and it would probably also attract Bitcoin enthusiast to the shops.

Asking employers to pay their workers in Bitcoin is much harder. The employer has to exchange the fiat to Bitcoin with fees included before paying the employees. This process can be complicated and it wouldn't be logical unless the entire company requests for this.

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Wandering Soul~
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August 16, 2016, 09:18:41 AM
 #63

Both are hard, Yess it is true that if your employer will pay you in bitcoins then it will be tax free but in my country paying tax is very important.
On the other hand it is also hard for local storees to accept bitcoin instead of fiats because most things that are needed for their store can only be bought with fiats so they will have to pay a extra fee for the exchange of bitcoin to fiat

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franky1
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August 16, 2016, 11:47:36 AM
 #64

Both are hard, Yess it is true that if your employer will pay you in bitcoins then it will be tax free but in my country paying tax is very important.
On the other hand it is also hard for local storees to accept bitcoin instead of fiats because most things that are needed for their store can only be bought with fiats so they will have to pay a extra fee for the exchange of bitcoin to fiat

legit employers are not "tax free" no matter what currency is sent by them or received to you.

in some countries the employer handles the tax BEFORE handing the employee the remainder..
so dont ever think that you should ever tell your employer to break the laws of most countries by suggesting they should pay you in bitcoin to evade tax.
in other countries the employee receives the full funds and its the employee that has to handle their own income tax payments.
so dont ever think that you should break the laws of most countries by thinking that being paid in bitcoin will obsolve you of tax implications

it does not matter what form of currency it is. there are income tax implecations to every country.
in short income tax is treated as if you received foreign currency. like an american does "remote" work for a european country and gets paid euros, as a easy comparison. to scenarios you should used to seek the correct tax implications.

tax evasion is a crime. so if you live in a country where incometax is a requirement, then paying it is a requirement no matter what type of currency was used.

tax avoidance can be done. this is not simply by accepting a different currency. this is about forming things like trusts or changing your nationality or you physically not living in a certain country for more than a few months at a time.
again its not simply accepting a different form of currency.
its mainly about who/where you are and who/where the business is, that concerns taxes. not the form/currency of the payment

if you live in america working for a legitimate company anywhere in the world, by u living in america most of your life you will end up needing to pay dollars to the IRS for your income you receive no matter the currency or method was



I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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