“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:
The Dark Web Drug Lords Who Got Away
IRS FBAR forms no longer accepted by postal mail
Naughty America Joins Porn.com in Bitcoin Acceptance
Welfare Drug Testing Catches Only 12 Users In Utah
Liberty Dollars banned at U.S. Numismatic Convention
Can We Convince the Supreme Court to End Legalized Kidnapping?
COMEX Depository Warehouse Gold Stockpile 2003-Present
Reality Check: Executive order for gun control, Can it happen?
FinCEN Director Confirms IRS To Release Bitcoin Guidance
Thieves dig 50-foot tunnel to steal money from a grocery store ATM
Saudis withdraw from US-backed starvation blockade in Yemen
CoinSeed Invests $5 Million in BitFury Bitcoin Mining Hardware
Public Schools Give Kids Attention Deficit Disorder.
A Government Turning the Tools of War on Its Citizens
Vegas Mansion San Francisco, For Sale For 9311 Bitcoins