With tax season upon the United States, the Internal Revenue Service announced Tuesday that bitcoin can be taxed like a property rather than a currency. The bitcoin community is debating whether this is good news or bad news, but Danish bitcoiners might be celebrating this … [Read more...]
London ministers discussing the possibility of taxing (VAT) bitcoin trades
Several federal governments and central banks have declared bitcoin to be a commodity and would be subjected to a capital gains tax. In the United Kingdom, however, ministers are mulling over implementing a value-added tax (VAT) on trades of Bitcoin (BTC). It was learned Tuesday … [Read more...]
