Taxation

[caveden]

How are these not natural monopolies? if you own the sewer system, then who's going to compete with you?

What is a "neighborhood institution"? sounds like a local government... ;-)

A condominium. Like, when you own an apartment, you partially own the common parts of the buildings. When you own a house on a private condo, you partially own the streets and common area etc.
The local networks (streets, plumbing, electric cables etc) could be owned by the condominiums, which would then contract "backbone" providers.

It's not like a government because it's voluntary, contractual. (okay, to switch from the current system to such a system it would be hard to make it 100% voluntary, but it would be at least much closer to a voluntary institution than when the state controls everything).

[1715161091]

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[asdf]

How are these not natural monopolies? if you own the sewer system, then who's going to compete with you?

What is a "neighborhood institution"? sounds like a local government... ;-)

A condominium. Like, when you own an apartment, you partially own the common parts of the buildings. When you own a house on a private condo, you partially own the streets and common area etc.
The local networks (streets, plumbing, electric cables etc) could be owned by the condominiums, which would then contract "backbone" providers.

It's not like a government because it's voluntary, contractual. (okay, to switch from the current system to such a system it would be hard to make it 100% voluntary, but it would be at least much closer to a voluntary institution than when the state controls everything).

Voluntary in what sense? I can enter a contract with another condo if I like... So I have choice. Essentially, I see this as competition in governments; voting with your feet. If I am free to change my local government, then this is a voluntary system. This is a vision of decentralised of government, which I like.

Really, we're just arguing about definitions. The condominium is not THE government, but it functions as a form of government: votes, taxes, laws, regulations, maintaining infrastructure, etc. So when I say that natural monopolies should be owned by the government, you actually agree with this, but have added decentralisation into the equation.

[rutherford]

I do not think avoiding tax is a good idea. The government these days are sophisticated, they would know that there  have been money transferred to your account. Instead of hiding it from the government, you better report it but that's if there are rules about bitcoin taxes. As long there wasn't any rules about bitcoin taxes, it's still fine.

[squatz1]

No one should ever try to use bitcoin as a way to avoid tax, you're using an online currency that is fully traceable in an attempt to hide TAXES with FIAT currency. Hiding paper notes is going to be much easier than trying to hide something which is present straight on the blockchain.

The full force of the US government will find the money that they're missing. The IRS has already employed crypto companies to track down bitcoin addresses and people.

[masudginanjar]

may impose a tax on traders who trade in the exchange or market but not too expensive, because Saotshi is appreciated once by the Cryptocurrency community.

and everyone knows that now the market is at the point of Bears 'animals, where traders' opinions are very few.

[dadanpradana]

Bitcoin will not be taxed unless the Bitcoin is entered into the exchange, then when it is traded Bitcoin is subject to a fee.
now the fee will be taxed by the government against Bitcoin.

so, the conclusion is that the Exchange is taxable because it trades Bitcoin.

[ValerieBTC]

Bitcoin will not be taxed unless the Bitcoin is entered into the exchange, then when it is traded Bitcoin is subject to a fee.
now the fee will be taxed by the government against Bitcoin.

so, the conclusion is that the Exchange is taxable because it trades Bitcoin.

Yes that is right and I think that it can only be possible if they will make bitcoin a legal currency, which still most of the countries has not yet make it a legal currency.  I think after making bitcoin a legal currency they will become able to put some taxes on bitcoin and for that they will surely make mechanism to collect tax from their people.

[OrangeSeller]

I do not think avoiding tax is a good idea. The government these days are sophisticated, they would know that there  have been money transferred to your account. Instead of hiding it from the government, you better report it but that's if there are rules about bitcoin taxes. As long there wasn't any rules about bitcoin taxes, it's still fine.

You just cannot hide it from the government and they are going to implement progressive taxation for it is in their interest if they implement such a policy. But when there are policies implemented by the government, there would be regulations as well and this will reduce the crime ratio for Bitcoin is often used for transaction of money for illegal activities.
There are other reasons why the government would implement regulations and taxation like they might also improve the facilities for users to understand Bitcoin.

[Hui8]

Its true, every asset and currency that you exchange and get into your bank account will have the traceable value and this must be taxed. However there are some counties who are having tax free on bitcoin and this means whenever you convert your bitcoins to fiat then it is surely can be sorted out as tax free transaction and thus fiat came from that way wont be taxed. In many countries this is far more strictest and thus you can not avoid the transfers from taxing them. Taxation is important step if you really want to keep the credibility of your accounts with banks and financial institutes.

[anobtc]

Buying and selling Bitcoin is transactions between individuals, even if you transfer them to fiat money, that is what happen in my country. So it is difficult for the government to tax on this type of currency.

[stellgod]

Bitcoin will not be taxed unless the Bitcoin is entered into the exchange, then when it is traded Bitcoin is subject to a fee.
now the fee will be taxed by the government against Bitcoin.

so, the conclusion is that the Exchange is taxable because it trades Bitcoin.

Yes that is right and I think that it can only be possible if they will make bitcoin a legal currency, which still most of the countries has not yet make it a legal currency.  I think after making bitcoin a legal currency they will become able to put some taxes on bitcoin and for that they will surely make mechanism to collect tax from their people.

Bitcoin is legal in many countries and they are tax free for it so it is not the real fact for tax implementation. If governments want to implement tax over the Bitcoin then they will do that which will be additional burden on people because government should not implement tax in every thing. People belong to tax free Bitcoin countries are enjoying their profits.

[Gragal]

why should there be a tax for transacting in bitcoin, if there is taxation take it with not so much climbing, because sometimes bitcoib's income is not much, sorry later if there is a down payment for tax fees.