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It is. Net profits are not taxed, but the profits of any profitable trade are. Trades resulting in loss are ignored. The tax authorities interpreted cryptocurr
by hedgew 8y ago
It is. Net profits are not taxed, but the profits of any profitable trade are. Trades resulting in loss are ignored.
The tax authorities interpreted cryptocurrencies not as a currency or as a financial asset, but as "trade agreements", which allowed them to take this stance. I'm not sure why they would skew the taxation so far against taxpayers' favor.
- usrusr 8y ago> but the profits of any profitable trade are. Trades resulting in loss are ignored. Kind of like lottery winnings are taxed where they are taxed. Or is there a country that not only taxes lottery wins but also makes lottery tickets a deductible expense?
- charlesdm 8y agoIt's an interpretation which might or might not be correct. If you are living in Finland and believe that this is incorrect, then you are free to go to court and make your case to a judge as to why the tax authority is wrong.