
“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:
Silk Road Update: Federal Prosecutors File Separate Forfeiture Complaint
The Surveillance State: Its Ramifications and Opponents
Former narcotics officer: We terrorized families over a bag of pot
Dallas freezes pension fund withdrawals, plans bailout with 130% tax increase
New York police brutally beat man for sleeping at synagogue
Singapore government decides not to interfere with Bitcoin
New N.C. GOP congressman endorses going to war with Mexico
War Street Journal Declares the USA to be a Battlefield
Supreme Court Approves Search Warrants Issued by Dogs
Illinois Cops: Don't Legalize Weed, Or We'll Have to Kill Our Drug Dogs
Iran Virtually Ends Drug Executions While U.S. Drug War Marches On
Jesse Jackson Jr. sentenced to 30 months in federal prison
Target's Big Credit Card Hack Might Involve Even More Retailers
For Narcos and Jamie Dimon, Crime Does Pay: Dimon Gets 77% Raise
LA Times: Only An Incipient "Terrorist" Denounces State Murder