That would be okay for me than they prohibit us from using the Bitcoin. :) It's a win win solution.
That would be okay for me than they prohibit us from using the Bitcoin. :) It's a win win solution.
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it won't work because that means taxing bitcoin twice! that is why tax laws in countries such as Japan are like this. there is a tax when you "invest in bitcoin" which i believe is like capital gains (but not sure) so you are paying a tax for bitcoin once here. then if the country recognizes bitcoin as a legal way of payment or a currency they can not tax it again when you make a payment with bitcoin because you have already paid your taxes on your bitcoins so the taxes here will be 0.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
What if the government agree to use crypto as an payment gateway but with tax. Is it possible?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.