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mr angry (OP)
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August 17, 2014, 01:19:45 AM
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The article linked below explains various scary plans from governments across the world for taxing bitcoin. Will these plans to tax bitcoin drive the price down?

http://www.coindesk.com/europe-inches-towards-decision-bitcoin-vat/

I have already read a few comments here from people who must hold their bitcoins for a year or pay VAT. A number of countries have adopted this rule, and others are considering worse ones.
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August 17, 2014, 01:22:54 AM
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up not down.

taxing bitcoin gains is only going to encourage staying in BTC.
mr angry (OP)
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August 17, 2014, 01:31:40 AM
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Quote from: adamstgBit on August 17, 2014, 01:22:54 AM
up not down.

taxing bitcoin gains is only going to encourage staying in BTC.

The article says some countries are considering taxing merchants a percentage of the total takings when they make a sale, again on their profits from a sale, and yet again when they convert their bitcoins into fiat. That's really brutal and I doubt it will encourage merchants in those countries to adopt bitcoin.
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August 17, 2014, 01:33:09 AM
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Depends on the merchants.
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Malin Keshar
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August 17, 2014, 01:35:13 AM
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Quote from: adamstgBit on August 17, 2014, 01:22:54 AM
up not down.

taxing bitcoin gains is only going to encourage staying in BTC.

Stupid taxings may have the contrary effects.

And while taxing will have positive effects once the laws are settled, the uncertainty while the laws are being adjusted may scare some things until things settles down
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August 17, 2014, 11:35:55 AM
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There will always be jurisdictions where Bitcoin will remain tax free so Western countries taxing Bitcoin won't have any significant effect.
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