You are viewing a single comment's thread from:

RE: Elliot wave theroy

in #crypto-news7 years ago

I have a question about the taxing...

How is it possible to pay the tax on something that was not earned in your country? SteemIt is not in Norway...
For example, I have Serbian citizenship and French visa, working in France, tax in Serbia - 0.00. And before that, I had some projects abroad, whatever amount I bring with me (several thousand in cache) - nobody knows, nobody asks, tax 0.00.

And I don't understand how can you be taxed for steemit, when it is not convertible currency? It's theoretical value. For example, you get the traffic to your website, it increases in value according to Alexa - but you are not taxed? Or you score on World Cup and your transfer value doubles, but you can't be taxed for that

Sort:  

Could that logic be applied to Bitcoin and other crypto as well you think? Bitcoin is not in norway...or anywhere else for that matter..

I think you make a very good argument. Is Steem any less convertible than Bitcoin? Both can be converted in Fiat. Steem - bitcoin - fiat.

We have to pay tax on ALL trades. If we trade steem for bitcoin - with a profit, we have to pay tax on that particular trade. So imagine all the transactions I have between SBD and STEEM..ICO's..bitcoin to steem, steem to eth..erc20 tokens..bla bla..It will take me years to find the documentation..

Thing is, they consider it securities. If I trade foreign stocks I have to pay taxes to Norway if I profit. Same with crypto currencies. Thats just how they define them here. They are taxed exactly the same way stocks and securities are. Steemit is considered a security not a job I think. Or actually..they probably have no clue what Steemit is. So who knows.

My long experience with the country where not a single man is obeying (all the) rules.

Something is illegal until large number of people is doing that illegal thing.
After that critical point, not a single government will impose the law - because it can't.