Tax Agencies Worldwide Plan to Crack Down on 'Dozens' of Crypto Tax Evaders

[BraveHeart01 1569]

The cryptocurrency  is surely  the threat to the tax authorities as it is not trackable and also there is no way yet to track it and implement  taxes on them.

[huesca123 946]

Thats is only one of the arguments that governments are using to restrict cryptocurrencies, the Tax man. The governments use other excuses. The Taxes everybody pays can also be considered as theft by force. If everybody did the same, it would be called extortion. When an individual extorts somebody, they are called a criminal & put in jail if caught. When a government or politician does it, they get a slap on the wrist. I agree that I have to pay taxes but we now pay taxes on too many things.

 

I live in Spain. It was very popular some yrs ago, for people to put solar panels to produce electricity, that they could sell back to the energy companies. It also helped to lower their monthly electrical bill. But what did the politicians do here in Spain ?¿¿? They created a - Sunshine Tax.  No I am not joking. People had to pay extra taxes if they produced electricity. It got to the point that it wasnt economically feasible to put solar panels any more because of this Sunshine Tax. Many people rebelled & refused to pay this tax. It has now recently been annulled, the Sunshine Tax.

[zhoutong 2188]

Dozens means just a few people that tried to evade their taxes by hiding millions, or think they could hide money with cryptocurrencies. I think this is a mistake and don't agree doing that. Also not a good way beacuse of the open ledger.

[Abdulrahman3 1252]

Is this initiative the beginning of the United States ’return to previous commercial partnerships that were before Trump’s coming, and is it possible for America to enter the 15-nation agreement that includes China and Australia by a decision by Biden?

[kryptonick 2659]

We aren't interested in tax evasion using cryptocurrencies. Somehow people always think the worst for Bitcoin and this is part of the news coverage for many years that was almost always negative. The post says a dozen of tax evaders so this is just about 10 people out of a hundred million that use cryptocurrencies today. So better odds from the previous financial system of the fiat currency.

[Alimhana930 1605]

The lack of taxes on cryptocurrencies is what really annoys the authorities And their inability to control it or impose a wealth tax, but they can be imposed in general on the platforms by legislating the work of these platforms, thus achieving benefits for traders and them at the same time.

[Samotokika 1780]

On 11/13/2019 at 12:14 AM, aika said:

Recently, authorities of the US Internal Revenue Service (IRS) partnered with tax agencies of Australia, Canada, United Kingdom and Netherlands to hund downcryptocurrency users that are evading local taxes.

“We will collaborate internationally to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime and to make the most of data and technology" they said last year.

 

Source on the following link: https://news.bitcoin.com/tax-agencies-worldwide-plan-to-crack-down-on-dozens-of-crypto-tax-evaders/

What do you think about this? Do you think your country would join an initiative like this one?

it's a good friend yes tourist a good plan if government decided to impose tax on cryptocurrency but I don't think that Bitcoin would be easily taxted. But it's a good decision to reduce many problems in usage of cryptocurrencies.

[Syriana 350]

What do governments want from this decision? Is it for the sake of gaining control of the encrypted currency and controlling it, or really do they want to collect taxes on citizens who use the cryptocurrency? Is it really true that if taxes are paid, it will be used comfortably and cooperation is done with the government to spread the cryptocurrency

[Quickbee 26]

If people are aware of the taxes they have to pay and if the tax formalities are simplified I am sure many Crypto users would gladly pay their taxes. Secondly the government must exempt small Crypto users from taxes. 

[annayks 2314]

Have they found the tax evaders yet? Most of them would be in some tax havens already and enjoy tax free life having made millions without paying taxes. Then again if someone wants to leave his country not to pay taxes should have first being audited for irregularities and then allowed to leave at a reduced tax rate, very lower though.

[Ameralsamt 2558]

Yes, my friend, what you are saying is true, many countries impose mandatory regulation and large taxes on the use of encryption and cryptocurrencies, and now if their plans don't work, they block encryption in their country. 

[Mishi Lorana 717]

On 11/13/2019 at 12:14 AM, aika said:

Recently, authorities of the US Internal Revenue Service (IRS) partnered with tax agencies of Australia, Canada, United Kingdom and Netherlands to hund downcryptocurrency users that are evading local taxes.

“We will collaborate internationally to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime and to make the most of data and technology" they said last year.

 

Source on the following link: https://news.bitcoin.com/tax-agencies-worldwide-plan-to-crack-down-on-dozens-of-crypto-tax-evaders/

What do you think about this? Do you think your country would join an initiative like this one?

Hello my friend, as I am fond of reading I have read the article in this link and it is very informative and useful for me because I am learning about cryptocurrency and crypto trading. Thank you for sharing this information with us.

[Silwester_888 439]

I think the reason behind of this initiative is to maintain the check-in balance between the income and the tax revenues. And this thing also showed that cryptocurrencies taking position and playing a positive role in the economies in the form of tax collection. It is also vital because number of users holding cryptocurrencies and playing with GDP of the country by evading Taxes.

[abohasnn9 2401]

It is very unfortunate that one of the countries of the world deals in this way with a currency trader, a highly developed technology that may raise the economies of countries greatly. It is really unfortunate by suppressing everyone who does not pay taxes on users of cryptocurrencies. I ask all countries to raise taxes imposed on traders Thank you very much