Bitcoin Taxation in Germany - Cryptocurrency attorneys advise

This subreddit is for users of Bitcoin in Australia.

This subreddit is for users of Bitcoin in Australia.
[link]

Taxation of Cryptocurrency and associated Digital Assets

A place to discuss all things related to taxation of cryptocurrency and associated digital assets
[link]

Taxation is the most dangerous, morally reprehensible institution since Slavery

Taxation is the most dangerous, morally reprehensible institution since Slavery. Death, Surveillance, Cronyism. This is what your taxes pay for.
[link]

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws submitted by MundoMoedas to Cryptochillout [link] [comments]

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws submitted by n4bb to CoinPath [link] [comments]

Congress Slams IRS Over Bitcoin Tax Law; Here’s the Major Loophole for Crypto Investors

Congress Slams IRS Over Bitcoin Tax Law; Here’s the Major Loophole for Crypto Investors submitted by leftok to atbitcoin [link] [comments]

Congress Slams IRS Over Bitcoin Tax Law; Here’s the Major Loophole for Crypto Investors - newsBTC

Congress Slams IRS Over Bitcoin Tax Law; Here’s the Major Loophole for Crypto Investors - newsBTC submitted by ulros to fbitcoin [link] [comments]

Everything you need to know about bitcoin tax law

submitted by dudeson55 to bitcointaxes [link] [comments]

Bitcoin Tax Laws Are A Nightmare So People Ignore Them

Bitcoin Tax Laws Are A Nightmare So People Ignore Them submitted by EmDeeEm to CryptoTax [link] [comments]

[uncensored-r/Bitcoin] Tax Law + CB coin release

The following post by Djbarchit is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7lgbh8
The original post's content was as follows:
Entertaining this thought.. New coin release was unexpectedly released and this may be the reason..
This coin was expected to be released in the new year. Tax Law goes into effect at the beginning of the year. Major investors within coinbase pushed for the release to unload prior to the new year. Wouldn't surprised me if major market movers, called coinbase (brian) to open trading of said coin and to do it now. For every day they wait is another day they wouldn't be able to unload prior yo new year. In other words, this may be the start of, at minimum a 10 day bear market as investors sale before the new year.. ImO, this is not isolated to this coin unloading.. I think this will be a huge offload of coins across all currency. Not trying to spread FUD but the timing of the release, the downtrend, and tweets of major players like Charlie (expect multi year bear market and unloading coins).. has me believing this is an unload before nee tax law goes into effect.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Tax Law Change + Coinbase + Early release BCH

The following post by Djbarchit is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7lg581
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin, Taxes Laws and Crypto Havens- Live Updates

Bitcoin, Taxes Laws and Crypto Havens- Live Updates submitted by thearcanebear to Crypto_Currency_News [link] [comments]

The invisible benefits of tax law for bitcoin

People are wary of tax law when it comes to bitcoin. Some fear that some forms of over taxation could even stifle bitcoins growth.
Here is another slightly different positive take on that whole situation.
If they tax purchases using bitcoin the same way they tax a capital gain event each btc user will be declaring 10 or more taxable events every single day, 3,500 taxable events per year! And thats just one person. This is obviously not possible long term.
BUT
If they only tax sales of bitcoin for cash, that will accelarate adoption as people will put more pressure on merchants to accept bitcoin long term. For example if i want to buy a house, but i dont want to sell for fiat first as that is a taxable event, I will ask the seller to accept bitcoin, as I will pay a premium for the property. The buyer gets more and I save money on the taxes I would have otherwise paid. Note that the seller would recieve the bitcoin at the market price and cash out without capital gains tax on the btc. This will dramatically increase adoption as sellers will be able to sell to bitcoiners for a premium.
This is a catch 22 for tax authorities.
If they tax all transactions in btc they will be underwater with paperwork and it will make their job a nightmare.
If they tax sales for fiat, then they will force people to start only selling btc for goods and services which will actually increase bitcoin adoption.
This is why tax laws can only be beneficial for btc long term IMO.
Either way they loose out on tax revenue.
So what can they do?
Well the only realistic option would be to make sales for goods and services in btc carry an extra amount of VAT/GST and hope the merchants declare these sales and pay the taxes on btc sales. This however would be offset by the merchants discounting their products to make up for the extra tax payable by the buyer. Why would this happen? Because good money drives out bad so merchants will prefer btc sales over fiat sales due to the increasing price of btc. It would also be an easy way for the merchants to effectively buy btc. This however assumes a time where btc is more sought after than fiat. Thats why I say taxes are not a problem "long term".
TLDR; Its complex but bitcoin tax laws are nothing to worry about long term IMO
submitted by slvbtc to Bitcoin [link] [comments]

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law | Regulation Bitcoin News

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law | Regulation Bitcoin News submitted by LICHTVVV to Israel [link] [comments]

Tax laws for receiving Bitcoin

I want to send money to my UK bank account from an Australian bank account. I did the maths and it seems, with the fiat exchanges taking thier fees and using lower-than-spot exchange rates, I'd be a lot better off transferring it via Bitcoin (even given transaction/purchasing costs) than using a fiat currency exchange. I have on/off ramps set up in both countries. Are there any UK laws that prohibit receiving money into the country like this? I plan to convert the btc directly into GBP as soon as it arrives.
submitted by supperfield to BitcoinUK [link] [comments]

Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses

Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses submitted by swiftestcat to GoldandBlack [link] [comments]

Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses

Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses submitted by swiftestcat to btc [link] [comments]

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law submitted by none7987 to Bitcointe [link] [comments]

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law (current BTC/USD price is $10,686.63)

Latest Bitcoin News:
Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law submitted by raaner12 to Altcoinss [link] [comments]

Legal tender and tax laws unfairly restrict Bitcoin’s use as a medium of exchange. Bitcoin can’t be seriously compared to USD until it receives equal treatment under the law. Any advocate for Liberty should understand this.

submitted by the420chronicler to Bitcoin [link] [comments]

"Tax law written in code" (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law submitted by swiftestcat to btc [link] [comments]

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law submitted by Ranzware to BitNewsLive [link] [comments]

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

submitted by raaner12 to Altcoinss [link] [comments]

BITCOIN TO $4,000? New Crypto Tax Laws Incoming ... Tax laws in Germany when buying Bitcoin or Cryptocurrency Bitcoin TAX Myths! How to Avoid the Headache with ... SLP183 Accointing - Bitcoin Tax Strategies

Bitcoin.Tax offers a variety of plans, starting at $39.95, depending on how many trades you want to import and calculate. Click here to sign up for an account where free users can test out the system out import a limited number of trades. Individual accounts can upgrade with a one-time charge per tax-year. Our plans also accommodate larger crypto-currency traders, from just a few hundred to ... At the Tax Law Offices of David W. Klasing, our tax lawyers and tax professionals can help you address tax problems that may exist due to the use of Bitcoin or other digital currencies. If necessary, our tax attorneys can even extend existing attorney-client privilege to CPAs and other tax professionals through the use of a Kovel letter. For Inheritance Tax, common law is relevant to the extent that Double Taxation Agreements do not determine the location (section 158 of the Inheritance Tax Act 1984). Using the residency of the ... Tax law is a frequent subject in my articles. I have been an Enrolled Agent since 1979. Email me at williambaldwinfinance -- at -- gmail -- dot -- com. I have been an Enrolled Agent since 1979. For the tax treatment of Bitcoins this means that they must be treated as ordinary intangible assets – at least for purposes of income tax law. The specific tax questions of Bitcoin transactions continue to be dependent on whether the transactions are made in the private domain or in the business sphere.

[index] [24061] [46277] [20554] [6628] [9006] [11600] [27887] [40812] [29892] [39374]

BITCOIN TO $4,000? New Crypto Tax Laws Incoming ...

Bitcoin Tax Myths: There are a lot of questions and misinformation circulating in our community about crypto & taxes. This is my attempt to clarify some impo... #Bitcoin #Cardano #CryptoCrow https://CrowTrader.com - Algorithmic Crypto Trading Bot https://CrowMining.com - Co-Located Bitcoin Mining Farm NOTICE: All Pai... Dennis Wohlfarth of Accointing & Clinton Donnelly of Donnelly Tax Law join me to talk about Bitcoin tax treatment, and strategies to employ to minimise tax. We chat about: Current tax treatment ... Creating tax laws with regards to digital assets will be an ongoing matter till the market matures. Links below for more detailed information on tax laws concerning Bitcoin and Cryptocurrencies in ...

#