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bamboylee
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November 06, 2016, 02:47:25 PM |
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Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
As long as you are earning money and you are honest, you will include it in your tax. But if you do not care about your government, you can receive and spend your online earnings without paying taxes. |
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kryptqnick
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November 06, 2016, 03:51:20 PM |
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Oh, come on! Maybe, in very developed countries they should (but I don't think many people would do that) but as for most - I think they even can't. In my country we have a very strong burocratical system, so it would be to hard to do all the needed documents to give the government some taxes. Oh, and I think they won't accept them in Btc, so this is an additional problem.
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Carlsen
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November 06, 2016, 03:59:00 PM |
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In my country it depends how much you earn from the things you offer here.
The work itself would not be taxed, but at the moment when you convert your coins into fiat, and that fiat shows up at your bank account, taxes would have to be paid on the selling of the coins.
But only if the amount accumulated in one year is above a certain level.
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ged00u
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November 06, 2016, 06:17:13 PM |
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Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money... And fiat money is a tax in its own right already I do not agree with you. Money is the Government tool which is used to control the country economy and its people. The government can easily make an impact in money without being objected. They can put a tax on Fiat, they can control money, as long as your house, your vehicle, your children and even your dog. Building and providing public expenditures is just the ways to calm down the citizen. |
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deisik
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November 06, 2016, 06:23:54 PM
Last edit: November 06, 2016, 06:48:25 PM by deisik |
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Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money... And fiat money is a tax in its own right already I do not agree with you. Money is the Government tool which is used to control the country economy and its people. The government can easily make an impact in money without being objected. They can put a tax on Fiat, they can control money, as long as your house, your vehicle, your children and even your dog. Building and providing public expenditures is just the ways to calm down the citizen. Could you expand in greater detail on your disagreement with my point? It is not quite clear how exactly what you say challenges it. Yes, I agree hands down that money can be used (and is used, for that matter) to control population, to a certain degree, at least. But I don't really see how this contradicts what I say and whether it has anything to do with my dog. Or are you disagreeing just for the sake of stating your disagreement? What exactly do you disagree with? |
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KingdomHearts
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November 06, 2016, 07:05:25 PM |
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No, they aren't. If Bitcoin is not recognised as a currency by their government, it is like if they were trading with bottlecaps.
you are right that bitcoin is not recognised by any government but i hope it will be recognise in the future because bitcoin is going to more famous and i think if bitcoin recognise by government then it will be more stronger. |
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