I fear this is going be a very complex issue for a site like Steemit. Are we really gifting or are we really just participate in a “pay what you want.” I really like that blog and therefore I paid 4 cents for reading it. Then you have the issue of things being open for a total of 7 days and there being a price difference before it pays out.
I can see there are going be a lot of future courses being tied up in our legal system for years or even decades trying to work out what the heck is owed or even going on. Just far too many variables and not enough “clear as day” language since it can’t cover everything that is cryptocurrency without endless updates to tax law almost daily. It’s interesting they think they can just call it capital gains. Why some people are being paid directly in it for freelances work!
I’m just glad I am not a tax professional. My brain might melt.
Personally I think it's mostly strong arm tactics to bully people into paying money on shit they have no right to. Are those strong arm tactics effective and enforceable? That is another question entirely and one that I think we'll be quite the discussion over the next year.
Tax agencies are normally rather underfunded. Those being tossed into having work this out as well will require some major spending and increasing in funding to stay on top of things. That should be something easy to notice when people go to war from the political side of things saying they don’t need more funding they should just be “leaner.”
It is most definitely a sit and watch what happens event that is for sure.
I'm waiting for the phrase "War on Crypto" to start getting thrown around.
I can’t wait to start hearing about community’s forming on islands and creating “crypt tax havens!” That are entirely run on paying in cryptocurrency. Some amazing times are coming.