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Cryptocurrencies could lead to ‘limitless’ losses for UK government
- CryptoPunk 5y agoA comment on the Guardian's journalists' potential financial conflicts of interest: https://news.ycombinator.com/item?id=27352245 https://news.ycombinator.com/item?id=27352245
- el_metador 5y agoThis is not true, as long as the company does not uses multiple wallet to intentionally avoid taxes. Taxes are already being dodged under the framework instutions provided - bitcoin is just another way to achieve that.
- Canada 5y agoBullshit. It's no different than companies accepting cash payments. Obviously the goal of the tax authorities is to be able to track everything, but that's just not right. It's not okay for governments to be able to track and every financial transaction or freeze any asset, even if that means some can cheat on taxes or hide money from creditors in bankruptcy. Any business with significant cashflow will not be able to get away with it anyway, and the level of control necessary to achieve perfect enforcement is too dangerous to allow authorities to have.