Re:Every important person in BitCoin just got subpoenaed by ...
by meowface on Monday August 12, 2013 @08:35PM
(#6203269)
I doubt they'd bother trying to tax transactions from one Bitcoin address to another. It'd be incredibly infeasible.
They will probably start requiring that all vendors who exchange real world currency or commodities for Bitcoin pay taxes on all such trades, however. Which isn't all that unreasonable.
Re:Every important person in BitCoin just got subpoenaed by ...
by rsynnott on Tuesday August 13, 2013 @06:21AM
(#6204897)
It would seem far less infeasible than taxing cash transactions (far easier to trace), and cash transactions are certainly a thing of great interest to tax authorities.
They will probably start requiring that all vendors who exchange real world currency or commodities for Bitcoin pay taxes on all such trades, however. Which isn't all that unreasonable.