Can Germany Really Tax Bitcoin?

“The government says it will treat them like stocks or precious metals. That means you pay 25 percent flat tax if you’ve held bitcoins for less than a year. But no one can explain to me that I should ever prove to a person from the tax office that I was actually in control of a certain private key at a certain time or time span. You just can’t prove it. We don’t even know how to prove it.  The next question is, is value added tax to be paid if you buy bitcoins? The government said it should be subject to value added tax. But that’s contradictory to the first statement when the government says it’s subject to capital gains.”

http://motherboard.vice.com/read/can-germany-really-tax-bitcoin

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin