Re:Every important person in BitCoin just got subpoenaed by ...
by nullc on Monday August 12, 2013 @11:28PM
(#6203850)
Yup, same in the rest of the civilized world. People scaremongering about Bitcoin and taxation really have no idea how taxation works.
Sure, there will be small amounts of fraud— there always is— but if cash didn't kill taxes, Bitcoin sure won't. The incentives are just setup to make tax fraud at any real scale unattractive.
Sure, there will be small amounts of fraud— there always is— but if cash didn't kill taxes, Bitcoin sure won't. The incentives are just setup to make tax fraud at any real scale unattractive.