Korea Announces Favorable Tax Policy for BTC

“Posted in Korea’s Bitcoin Community on Facebook is a statement from Korea’s National Tax Service stating that Koreans will not be taxed for capital gains on bitcoin for the time being. While this is clearly good news for the few long-time miners in Korea as well as speculators that have experienced a windfall in the past month, it is important to remember that this is not a good long-term position toward bitcoin. Essentially, the Korean government is taking the stance that bitcoin investments are not real.  Currently, bitcoiners are happier to be left alone by the governments of the world and such a policy supports this in the long term.”

http://bitcoinbabble.com/?p=192

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