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Author Topic: Government put on tax on bitcoin  (Read 1830 times)
traderethereum
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November 24, 2017, 03:32:25 AM
 #141

The government cannot do that. They have way many more other things to be solve than just puting taxes onto something.

the government want to do that but i think for now, they need to find a gap so they can apply the tax on bitcoin. but i think they can not apply the tax since bitcoin is only use in internet but i don't know if the government decide to approve bitcoin as a new payment method then maybe they will applying the tax on bitcoin. the government needs to learn about bitcoin so they can apply and integrate the financial system with bitcoin and then maybe the tax can applied.

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Markzuckertion
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November 24, 2017, 03:36:03 AM
 #142

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours
Governments are already do that. You can see the about how to pay tax that issued by IRS, every country has different regulation so you don't need to pay any tax if your country is not regulate it. My country did not accept bitcoin but also didn't ban it so there is no bitcoin taxation in my country.

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November 24, 2017, 10:36:54 PM
 #143

Logically yes but i think it would not happen.
It is not secret that some countries r trying to regulate relations of bitcoin and whole crypto world by legislative actions,but how they are going it to monitor everything?it’s like searching something small in ocean.they can’t control it whole system.may they control concrete mining companies wich are in their jurisdiction but not all of them, its a very bad fact,but finally bitcoin always shows what it can do.look at history how many years is bitcoin alive and continious to rise price? Why they did’t regulate it? Because most of them want sto put inappropriate tax on it wich is opposite to principles of legal state.

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