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coinsgod
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August 05, 2017, 02:59:32 PM
#21

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
The is no proper way a government can tax on BitCoin. That's because they will not know how much you can earn or loose on trading BitCoin. They can't see your ledger on exchange sites.
So what happens when you declare your Bitcoin earnings on your tax return and pay tax, and the government tax agency audits you and you need to prove your transactions?

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Jmmerquita
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August 05, 2017, 03:39:17 PM
#22

I am just wondering on how JAPAN did it. Using bitcoins for transactions. How the government of japan benefited about bitcoin wherein they did not tax it.
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August 05, 2017, 03:43:41 PM
#23

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
There's no bitcoin tax that I'm aware of. You are supposed to pay when you exchange for fiat.

How to pay tax after selling your coins? You first need to know what the income tax in your country is. In some countries you don't have to pay if you held your coins for a certain time, so as you can see it all depends on your location.

Yea in this matter germany is great cuntry becouse once you held BTC in wallet more than year then when you sell you are free of taxes.
I hope that way wil goes many cuntries becouse i like it. They should skip tazes on BTC but with ll socialism on world that won't happen IMO.
Best way to aoitd taxes is trading on unknown exchages as unregistered Kraken/Bitfinex but limits can scary some people.

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coinsgod
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August 06, 2017, 12:37:59 AM
#24

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
There's no bitcoin tax that I'm aware of. You are supposed to pay when you exchange for fiat.

How to pay tax after selling your coins? You first need to know what the income tax in your country is. In some countries you don't have to pay if you held your coins for a certain time, so as you can see it all depends on your location.

Yea in this matter germany is great cuntry becouse once you held BTC in wallet more than year then when you sell you are free of taxes.
I hope that way wil goes many cuntries becouse i like it. They should skip tazes on BTC but with ll socialism on world that won't happen IMO.
Best way to aoitd taxes is trading on unknown exchages as unregistered Kraken/Bitfinex but limits can scary some people.
That's pretty cool, hold for one year then you have no tax to pay on a sell. Does that only apply to Bitcoin or other Altcoins too?

.
kissmarx
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August 07, 2017, 06:58:44 AM
#25

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
The is no proper way a government can tax on BitCoin. That's because they will not know how much you can earn or loose on trading BitCoin. They can't see your ledger on exchange sites.
So what happens when you declare your Bitcoin earnings on your tax return and pay tax, and the government tax agency audits you and you need to prove your transactions?

It depends on your government. If you are required to declare your BTC earnings, it's up to you how you would compute for it. But it would all be failed attempt for the government because they somehow cannot have their eyes at your real BTC investments, holdings, earnings, minings, and tradings documents. It's very difficult to declare something which you don't want to open up.

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johanesrobin
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August 07, 2017, 07:05:47 AM
#26

I am just wondering on how JAPAN did it. Using bitcoins for transactions. How the government of japan benefited about bitcoin wherein they did not tax it.
Developed countries have a large income, so do not worry about losing income from bitcoin transactions.
Bitcoin has made another positive contribution. Such as reducing unemployment and increasing people's purchasing power.

coinsgod
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August 07, 2017, 09:10:32 AM
#27

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
The is no proper way a government can tax on BitCoin. That's because they will not know how much you can earn or loose on trading BitCoin. They can't see your ledger on exchange sites.
So what happens when you declare your Bitcoin earnings on your tax return and pay tax, and the government tax agency audits you and you need to prove your transactions?

It depends on your government. If you are required to declare your BTC earnings, it's up to you how you would compute for it. But it would all be failed attempt for the government because they somehow cannot have their eyes at your real BTC investments, holdings, earnings, minings, and tradings documents. It's very difficult to declare something which you don't want to open up.
How do peeps keep track of the tax if they buy BTC, then they sell some BTC to buy other Altcoins, then sell those Altcoins to buy another Altcoin, etc. Do you have to work out the value of the $US dollar value on the day of sale of BTC, then of Altcoin1, then Altcoin2, and so on? Then convert the $US to their home currency for each of those specific dates. Seems extremely complicated.

.
shohelalam
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August 08, 2017, 08:21:47 PM
#28

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....


No.. No way to pay tax on bitcoin.

No Body pay tax on bitcoin. because we don't know where control bitcoin who is creator and bitcoin never have record. our government could not find any location where bitcoin system establish.

Why you give tax for use bitcoin. Because you don't do any business with bitcoin you just use bitcoin as a digital exchange payment OR nothing.

Some time you sell you coin so why you give tex.     

cryptojac17
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August 09, 2017, 01:47:30 PM
#29

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
The is no proper way a government can tax on BitCoin. That's because they will not know how much you can earn or loose on trading BitCoin. They can't see your ledger on exchange sites.
I agree your idea mate since there is no law that regulates bitcoin because it is a virtual currency that痴 why many people like to do business to eluded taxation. But the transaction of this business is worldwide meaning this is like US dollars that is recognized by all nations because of its buying power although it will affect taxation in some country, but in other aspect it will help the economy of the country because bitcoin can readily convertible into fiat or cash once people has extra money to spend business will boom and more taxes will go to government.

darkangel11
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August 09, 2017, 08:04:53 PM
#30

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....


No.. No way to pay tax on bitcoin.

No Body pay tax on bitcoin. because we don't know where control bitcoin who is creator and bitcoin never have record. our government could not find any location where bitcoin system establish.

Why you give tax for use bitcoin. Because you don't do any business with bitcoin you just use bitcoin as a digital exchange payment OR nothing.

Some time you sell you coin so why you give tex.     
This actually has nothing to do with taxes. It doesn't matter who made it, where he lives and where BTC originated. Taxes are a totally independent thing that may be imposed regardless of the creator and origin. Where does it say that you have to pay taxes on goods that have a well known manufacturer?

It is of course true that bitcoins are not taxed... yet. We'll see how it goes.

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August 10, 2017, 04:42:41 AM
#31

As far as i know there is no taxpayer for bitcoin, but your government residence that has rules about taxpayers on bitcoin, this is probably because bitcoin is a valuable asset and very valuable. Maybe this is the same as gold, there is no tax rule for Gold, but the government that makes the rules about the tax for gold.

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kissmarx
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August 13, 2017, 03:19:41 AM
#32

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....
There is no proper way a government can tax on BitCoin. That's because they will not know how much you can earn or loose on trading BitCoin. They can't see your ledger on exchange sites.
So what happens when you declare your Bitcoin earnings on your tax return and pay tax, and the government tax agency audits you and you need to prove your transactions?

It depends on your government. If you are required to declare your BTC earnings, it's up to you how you would compute for it. But it would all be failed attempt for the government because they somehow cannot have their eyes at your real BTC investments, holdings, earnings, minings, and tradings documents. It's very difficult to declare something which you don't want to open up.
How do peeps keep track of the tax if they buy BTC, then they sell some BTC to buy other Altcoins, then sell those Altcoins to buy another Altcoin, etc. Do you have to work out the value of the $US dollar value on the day of sale of BTC, then of Altcoin1, then Altcoin2, and so on? Then convert the $US to their home currency for each of those specific dates. Seems extremely complicated.

That's why it's really impossible to impose tax with bitcoin users. Whatever cryptocurrency it may be, it's difficult for any government to tax the users.

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October 19, 2017, 12:14:40 PM
#33

Some people are talking negative about Bitcoin but they don't have any kind of knowledge about it. Mate you can pay tax directly if your government accept Bitcoin now or no need to tax cause government don't wanna take   and so they don't recognize Bitcoin.  Its not our problem   

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October 19, 2017, 01:27:21 PM
#34

For the canadian market see http://bitcoin-law.ca/canada-tax-rules-for-bitcoins-trading/
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October 19, 2017, 09:41:44 PM
#35

As long as it can be recorder under a country's GDP and GNP.
What does that mean? If you are either a citizen making profit in your country, or a citizen making profit in a foreign land. As long as you're a registered citizen of the country, then you will have to pay profit taxes.

It's not something you should avoid mostly if you know that one day, your government will have bigger plans for the blockchain technology.
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October 24, 2017, 05:53:48 AM
#36

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....

in my country bit coin has no tax. just we have to pay for transaction fee only. in my country we have to buy more bit coins for that we did not pay tax. but we have to pay for transaction fee only. this is my country process but in some country's they have to pay for bit coin tax and transaction fee and all kind of fee. so we try to buy in wich country bit coin price is low. it is better because we have chance to skip tax. Wink Wink Wink Wink
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October 27, 2017, 12:33:57 AM
#37

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....

First of all, the government cannot impose tax on something that they cannot regulate. Bitcoin being its decentralized nature makes it difficult for the government to monitor the transactions because of anonymity. This is the reason on why some countries in Asia ban the usage of bitcoin since they cannot monitor the transactions involving around the dark web (which bitcoin is the main medium of exchange involving drugs, crimes, etc.). But if the government is really determined to put an end to bitcoin and all other countries support that decision, then it may be possible to impose tax depending on the circumstance that they will provide.
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October 27, 2017, 01:20:26 AM
#38

First of all, the government cannot impose tax on something that they cannot regulate. Bitcoin being its decentralized nature makes it difficult for the government to monitor the transactions because of anonymity.

Bitcoin might be difficult to regulate in general, but that doesn't mean taxes aren't due if you have 5-figure wires regularly coming into your bank account. It's hard to reap the benefits of BTC's magnificent rise in price and remain completely anonymous.

Even high-volume LocalBitcoins traders are now demanding IDs from other traders.... clearly there has been some pressure on some of them from regulators and/or law enforcement. I pay my taxes because I think cryptocurrencies are the future, and I want to have no worries about spending my riches when my portfolio is worth many millions of dollars. Tongue

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October 27, 2017, 01:33:42 AM
#39

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....

In taxation issue, someone have orient me that the only way the government can collect tax on bitcoin user is for them to recognized cryptocurrency as money and to legalized it. That痴 why that is a long process and even our government officials are in debate on this matter as the implications of doing things in a hurry without studying the impact of it is not good for the economical standing of one country.
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October 27, 2017, 10:29:34 AM
#40

what are the ways government can apply tax on bitcoin....

how to pay tax on bitcoin..... in any country.....

In taxation issue, someone have orient me that the only way the government can collect tax on bitcoin user is for them to recognized cryptocurrency as money and to legalized it. That痴 why that is a long process and even our government officials are in debate on this matter as the implications of doing things in a hurry without studying the impact of it is not good for the economical standing of one country.
The government cannot accept the bitcoin currency. He does not fit the accepted definition of a currency. For example it is enough that bitcoin has no cash and no Central body which is responsible for the issuance and circulation of currency. It seems to me that beyond that the government will take the tax revenue Fiat to the Bank account of the turnover of the bitcoin legalization will not go.

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