If tax is implemented on blockchain

[Cammer 4609]

I don't think Blockchain is attached (or will be attached) to any government. It's a network or system and the fees we pay, they go to the developers and miners as far as I know. 

[Adebayo Sadiq 1]

It would be absurd for governments to make this and hitherto as we each and every one get bitcoin is not illicit by any command federation it factory by it's accept and it's regular more organised 
 

[Amirul Islam 382]

On 1/5/2020 at 1:53 AM, Romaan1987 said:

Hi guys! Today i want to ask an expert opinion that if a tax is implemented in blockchain technology that every transaction sent, tax is automatically deducted. What would be impact of this in a state that it will be more trusted by a government?

There will be a good impact of it. Because maximum crypto user want to pay tax and also want to regulate crypto. People don't want to use crypto as illegal.

[hangomao 15]

On 1/5/2020 at 12:53 AM, Romaan1987 said:

Hi guys! Today i want to ask an expert opinion that if a tax is implemented in block chain technology that every transaction sent, tax is automatically deducted. What would be impact of this in a state that it will be more trusted by a government?

this will be a big kind of the disturbances to the syestems. so tax should be a very less quantity.

[rianpedia 816]

On 3/14/2020 at 12:32 AM, Amit01229 said:

It's good but in one conditions if Crypto regulated worldwide then we can pay tax because already crypto cut huge fess for transactions also in trade and withdraw.

It's like a double withdrawal fee, I also agree if you really want to be taxed by the state. at least there is no withdrawal fee per coin.

[Treat1234 0]

If there is tax implemented in blockchain, I don't think it would be possible for us to benefit from most of it because people will feel the discouraged of been taxed and they are emote earning much from it

[Raqeebzy 6456]

It is unlikely to occur for government to compose a compulsory task on bitcoin. They cannot do anything to change blockchain, there has been a load of charges on any form of transactions involving bitcoins and that is the extent at which I think it will be feasible. 

[Beromnia 733]

Welcome with me
In theory, the Bitcoin blockchain system cannot be modified, so Bitcoin transactions cannot be taxed
Tax charges may apply to transactions on trading platforms

[Abiaan 1209]

first thing that is really impossible to deduct the amount from the transaction by the government a it is not in the government hand and if they could all country would accept the cryptocurrency and another thing is cryptocurrency would be so boring 

[Ms.o 3322]

Actually crypto are taxable,everytime you buy,sell or use it as payment there are tax applied. And the reason that buying and selling crypto is taxable is because the IRS identifies crypto as property, not currency.

[Jessica Karren 1242]

Having no rules for tax collection in this technology is the biggest hurdle in adoption of this technology globally. If this happens then there is no other reason for governments to not adopt crypto technology.

[Babubu609 0]

On 1/28/2020 at 4:28 AM, Ionescu said:

Tax cannot be implemented directly on blockchain. The government can say in their laws that there are taxes for blockchain but this doesn't mean they can obligate us to pay them

blockchain may be taxed for transactions and blockchain might be applied to all website exchanges.

[IamLeader12 682]

I think that then people will start using cryptocurrencies that do not charge tax on every transaction so as not to spend their money just like that.

[Captain Karim 0]

I believe that some governments seek to legalize and regulate cryptocurrencies and tax, but that is not easy because cryptocurrencies that support privacy like Dash and Monero are not monitorable.

[Thekingcallme 1975]

It simply cannot be applied to the blockchain because it is not subject to modification or exchange and no fees can be added

[Lover840 0]

On 1/5/2020 at 1:23 AM, Romaan1987 said:

Hi guys! Today i want to ask an expert opinion that if a tax is implemented in blockchain technology that every transaction sent, tax is automatically deducted. What would be impact of this in a state that it will be more trusted by a government?

I'm just a beginner in the cryptoworld. But i really don't think if blockchain technology can be modified this way. As far as i know blockchain is fully decentralized and no one have any control over its transactions

[Saj555 2250]

I don't think someone can actually put a tax in the blockchain network. Because it is a large network and the network is for all the crypto users. They use it for the betterincome for them. But maybe the tax will be applied when a government will bring new crypto projects for everyone and increase the scope to earn cryptocurrencies. Then maybe they can implement the tax. 

[Ayush Singh 1175]

I think that yes if the tax would be implemented in blockchain Technology for every transaction then it could become more trustful and faithful way of earning without any illegal activities and if the government of countries is allowing activities of cryptocurrency then the taxation should also be implied on it.

[pablomarwan 3082]

This will increase people's confidence in it, but the matter is that not only does not pay a certain tax for a transaction, it is the reason that the government did not accept it, but a rumor that I contribute to the many suspicious businesses and transactions that take place in the black market is one of the reasons for not accepting it. But if a tax is imposed on each transaction, these suspicious transactions will be curtailed because they will be imposed on every customer to fill in information about it.

[Rezort 846]

We already have fees on exchanges and wallets, but if you mean taxes from government, that would be just very awful because it would destroy crypto system.

[BrolySSJ 7899]

I think that if there was a tax that was implemented for every transaction on the blockchain then there is a very good chance that this will result in a much larger and much higher level of adoption with governments because they woudl be benefiting from this, but in order to do this there needs to be a way to regulate crypto, which defeats the purpose of crypto. Furthermore, if there was to be a tax implemented, this might discourage many users and the user base for crypto may drop. This is a very delicate situation to be honest.

[Hatred 1388]

On 1/5/2020 at 3:53 AM, Romaan1987 said:

Hi guys! Today i want to ask an expert opinion that if a tax is implemented in blockchain technology that every transaction sent, tax is automatically deducted. What would be impact of this in a state that it will be more trusted by a government?

Well, if tax will be implemented in a blockchain technology, then we can't call it blockchain, right? Well, it is because blockchain is free. I mean no one can remit taxes on it. So if it has a tax, then we can't call it a blockchain technology. Instead, it is just like fiat and government controls it.

[Brushless4500KV 4214]

It seems that only IRS of US has classified virtual currencies properly and has called them capital assets. Other countries don't have clear categorizations and some of them haven't even taxed bitcoin yet. I have even read in some articles that you need to seek help from professional accountants to guide you how to pay your bitcoin tax. It is a rather complex matter because cryptocurrencies are not yet defined clearly and this is one of the objectives of regulating bitcoin to make it more taxable. Volatility is another problem that adds to the complexity because tax administrators have to keep a record of all the prices in transactions to calculate the tax for each person accurately.

[Ridam 7455]

The main property of Crypto currency, ie privacy may ends after the implementation of taxes on Crypto but it will help in the adoption of Crypto currency and legalization investment in digital asses and Crypto.

[Nezar 7169]

If the taxes are applied within the blockchain technology, the taxes will be automatically deducted automatically, and this technology will have great confidence by the countries because they can benefit from it. As for this matter, I think it needs several years to be taken.