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Author Topic: tax for a safer crypto environment  (Read 255 times)
jvdp
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June 26, 2018, 03:01:20 PM
 #81

Government can be taxed on bitcoin users when they use the trading platform to exchange the bitcoin into fiat cash. This is the maximum thing they can do on bitcoin users mate. Apart from this if anyone hold the bitcoin in the private key secured wallet.
None can put the taxation on them. Then government cannot stop the bitcoin usage or anything happening around that.


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costanos02
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June 26, 2018, 03:13:46 PM
 #82

Imposing tax on cryptocurrency is much better because it is a good sign that government fully accept and support on cryptocurrency, and it helps the economy  grow faster in no time, and it is expected some rules to be followed.
sepeda karat
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June 26, 2018, 03:21:51 PM
 #83

It would be good but the government can manipulate crypto's service and anonymously because they can trace all the transactions that we all made or they can easily control all system of the crypto or maybe bitcoin so It's a big warning if the government is to tax the crypto.
ericaltm
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June 26, 2018, 03:28:34 PM
 #84

What governments should do is the following.

Have a section in the tax forms where you insert a 0.014% of your TOTAL CRYPTO ASSETS.
This is the amount you will have to pay in your currency to the government.

You can calculate your own math, but I found this to be a legitimate number where governments could accept this and it wouldn't cause any issues, nor is it a huge amount.

Of course, this 0.014% would only apply if you hold more than xxx$ in crypto. Currently, I think the best is if you are over 10,000$ or equivalent.
Sony.UK
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June 26, 2018, 03:39:23 PM
 #85

Each government have individual perspective of Crypto platform so some countries fix the regulation then they plan to taxes because some peoples are hold the black money in Crypto platform. Tax is the good for economic development of every country so it is always safer to all the investors.

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June 26, 2018, 03:43:42 PM
 #86

Imposing tax on cryptocurrency is much better because it is a good sign that government fully accept and support on cryptocurrency, and it helps the economy  grow faster in no time, and it is expected some rules to be followed.

Stop believing the bs that your tax income is spent well by governments, it's not.

Another major stupidity factor is that people believe governments lose out on income if we don't pay tax over our crypto gains and holdings. How can they lose out on something they never had in the first place? If crypto didn't exist there would be 0 (zero) income for governments. Right now they enjoy an extra income stream from people paying tax as forced upon them.

Governments aren't in a position to demand anything from you when it comes to Bitcoin. There is no central authority with the ability to freeze or seize your assets.

We should move away from governments where we can, not further stimulate their extortion and theft practices.

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