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Looks like the Bitcoin laws are v favourable in DE. You can pay taxes in BTC(!) & BTC is a unit of account[0]. That makes sense if the memory of WR hyperinflati
by discombobulate 9y ago
Looks like the Bitcoin laws are v favourable in DE. You can pay taxes in BTC(!) & BTC is a unit of account[0]. That makes sense if the memory of WR hyperinflation is written to the citizens' mind.
[0] https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Central_Europe https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country...
- germanier 9y agoYou can't pay your taxes with Bitcoin (the Wikipedia author probably means something else?). You can't even pay most tax in cash even if you wanted to. Bank transfer in EUR is the only way.
- icebraining 9y agoThe Wikipedia author cited a quite unclear CNBC story that said that bitcoin "can be used for tax and trading purposes". From what I can tell from other sources, what it really means is that one must pay VAT when purchasing stuff with it.