“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
Related posts:
As Italy Sentences 23 CIA Agents in Rendition Case, Obama Refuses To Prosecute Over Torture
Hackers Hit the IRS and Make Off With 100K Taxpayers’ Files
Y Combinator-backed Coinbase now selling over $1M Bitcoin per month
New Zealand Plans Cyprus-Style Bank Confiscations
Trump’s Department of Justice just reopened business for private prisons
Naughty America Joins Porn.com in Bitcoin Acceptance
Oracle security chief to customers: Stop checking our code for vulnerabilities
First “no-fly” trial to begin this week in San Francisco
Slave Dollars: State Guarantee Private Prisons 96% Occupancy
Government Attempts to Dismiss Lawsuit Over Wrongful Arrest, Psych Ward Detention of Facebook Marine
Bitcoin could be a boon for porn and other high-risk merchants
Iraq: The ‘Humanitarian Catastrophe’ That Petered Out
Bitcoin: a clear choice for Seattle window cleaner
Sessions' 'New' Drug Policy: Even More Mandatory Minimums
Ultima Creator Richard Garriott: Virtual Worlds, Real Money