“Bitcoins were dealt a blow in Norway as the government of Scandinavia’s richest nation said the virtual currency doesn’t qualify as real money. ‘Bitcoins don’t fall under the usual definition of money or currency,’ Hans Christian Holte, director general of taxation in Norway, said in an interview. ‘We’ve done some assessments on what’s the right and sound way to handle this in the tax system.’ Norway will instead treat Bitcoins as an asset and charge a capital gains tax. While tax revenue from Bitcoins isn’t substantial, Holte at the Norwegian tax authority said he plans to work with other countries to hammer out the legal aspects of Bitcoin.”
Related posts:
Most Expensive Colleges In America
Alabamians Outraged As Civil Asset Forfeitures Soar
Argentina Turns To Gold As Inflation Tops 26%
Bill Bonner: Reefer Madness!
Campaign to Salvage Central Banking
Bitcoin exchange opens in Hong Kong
Merchant of Death News
Glenn Greenwald's Partner 'Was Carrying A Stunning Amount Of Sensitive Documents'
LAPD Detains Photographer For 'Interfering' With Police From 90 Feet Away
White House leans on industry for bottled water push
FBI Casting Set Stage for Boston Marathon Bombing, Shootout, Charade
Iraq vet arrested on terrorism charges after jogging with airsoft training rifle
Use of secretive ‘Stingray’ FBI cell phone tracking tool ruled lawful by judge
Ron Paul Supporters Travel From Germany And Switzerland To Attend Paul Fest
Puerto Rico: We’re Watching this Offshore Tax Haven