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Some of the items you listed apply to crypto assets just like regular assets. It’s just the enforcement of the laws hasn’t been as consistent as with other phys
by yardstick 5y ago
Some of the items you listed apply to crypto assets just like regular assets. It’s just the enforcement of the laws hasn’t been as consistent as with other physical financial assets.
Specifically:
“
- capital gain taxes
- death taxes (inheritance taxes)
- asset seizures (divorces, bankruptcy, random court decisions against you, Cyprus Bank Disaster [1], etc...)”
And
> The fact that some of the things listed above will be viewed by some as "morally reprehensible" is irrelevant to the conversation: moral or not, the demand still exists.
Isn’t it more a legal issue than moral? Evading tax is a criminal matter I thought.
- ur-whale 5y ago> Evading tax is a criminal matter I thought. In the US it is. Other, more humane jurisdictions view it as an infraction: if caught, you'll get fined, but you won't go to jail.
- yardstick 5y agoSuch as? UK, NZ, CA, US, AU all at a quick check consider tax evasion a crime (not just a civil infraction).