Should governments allow people to pay their taxes in Bitcoin BTC?

[romero121]

I think it is important that the government does not manage BTC transactions, but if they accept it

I will complete what probably you wanted to say. If they control the transaction, that's impossible first of all as it is decentralized and in case somehow they take the control over bitcoins then it makes bitcoins as centralized, which then makes bitcoins as another ordinary asset or currency.

Yeah bitcoin makes things better if a single country starts to accept bit as taxes and in few countries bitcoin is considered as an taxable asset. But as mentioned governments will try to take control on it and make it as a centralized system same as that's been done with gold investment.

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[raven7886]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I would pay my taxes with bitcoins but I am afraid the kind of gvernment we have right now in our country they would then make a scrutiny team for asking how we earned those bitcoins and try to take unnecessary taxes out of me. I would hence rather pay with my fiat itself and if needed convert my bitcoins to fiat just in case.

[wuvdoll]

Why not ? As they ask us to report the profits we make with buying and selling cryptos and so pay taxs on this, they should accept the people to pay with bitcoin. But one problem is, accepting the taxs to be paid with bitcoin, or others, would mean they accept that bitcoin is a currency

Yes, accepting bitcoins for payments means strongly that government not only allows users to use it, rather encourage them to do so. And if bitcoins become authorized in a country then actually things would be much much better than just bills. I guess 99% of the shops would adopt bitcoins as payment option since the user avoids the unwanted fees and taxes.

[bitbunnny]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

I haven't heard that it's possible in Switzerland but it's good if people have that option. Personaly I don't think many countries will follow that example because that would mean that Bitcoin is fuly adopted in financial system as a currency and payment method and equal to fiat money. That also requires additional regulations and many governments are not ready for this.

[Dem-artini]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

I haven't heard that it's possible in Switzerland but it's good if people have that option. Personaly I don't think many countries will follow that example because that would mean that Bitcoin is fuly adopted in financial system as a currency and payment method and equal to fiat money. That also requires additional regulations and many governments are not ready for this.

Then why start these movements and promote bitcoin, if you start to agree to pay taxes. After all, bitcoin values ​​are in anonymity. Of course this is a means of earning, but no one knows about it.

[hero1111]

Governments can allow to  for people pay their taxes with Bitcoin but i think this is posible but before it , Govermants has to except bitcoin as real money or legal money and after that Govermants will has institutes for bitcoin or for to use bitcoin in countries , for example i couldnt change my bitcoins to my country money for a long time becouse my govermant didnt  allow it  because of i didnt use bitcoin long time , so firstly goverments will allow people use it .

[Przemax]

That would be an awesome idea to fix the broken to the core financial system. If you could make taxes to be paid in something one can not print of nothing it would be actualy important to keep track of where the money from taxes is spend on.

It will not happen just because of that. It would require keeping a track, and would allow to track the money on blockchain as well. The system so hopelessly corrupted that its beyond the repair. The people involved in keeping their wellfare from taxes would fight to the death to keep the system as it is. That kind of sittuation for 100% would result in war. Either that war would be just or unjust is irrelevant from the possition of the corrupted entity.

Ofcourse Im talking about the sittuation when all acceptable taxes would be required to be made in some finite resource. If there would be silmuntanious possibility of paying the taxes in cryptocoins and fiat, the price of the first would skyrocket but would not need to destroy the corrupted system as of yet.