"Since Bitcoin is not a currency, the US government announces its view that it is taxable"

ByDonkeyHotey

Virtual currency "Bitcoin (bit coin)How to deal with "is a problem that governments are bothering their heads. Like RussiaCountry prohibited by lawAmid coming out, the US government revealed the official view that "bit coin is not a currency, hence taxable gains are taxable."

IRS Virtual Currency Guidance: Virtual Currency Is Treated as Property for U. S. Federal Tax Purposes; General Rules for Property Transactions Apply
http://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance

Bitcoin Is Property, Not Currency, in Tax System: IRS - Bloomberg
http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

It is a government agency responsible for enforcing and collecting federal taxes within the United States of AmericaUnited States Internal Revenue Service (IRS)Said for the first time the view that "bit coin is an asset, not a currency."

The question of whether or not to accept bit coins as currency has a question of determining whether or not to be subject to taxation. That is, even if the value fluctuates due to inflation / deflation if it is a currencyCapital gainThe concept of being impossible is impossible to be taxed, whereas if it is an asset it will be subject to taxation if profit on sale comes through through the transaction.

According to the tax guidance on the bit coin issued by IRS, for example, when the bit coin purchased at 200 yen becomes 300 yen after market value and is used as the price of 300 yen coffee, the person paid with bit coin A person who bought coffee) was deemed to have a profit of 300 yen - 200 yen = 100 yen, tax was imposed on this 100 yen portion, and person who received the bit coin (who sold coffee People) will be taxed as having income of 300 yen.

ByEpSos .de

However, against taxing bit coins, there is a negative view from the magnitude of the impact on the spread of virtual currencies. Venture capital to invest in high-tech companiesHummingbird VenturesMr. Pamir Garenbie said, "It is absurd to think about capital gains every time to buy coffee," and it is concerned that trading volume of bit coins will decrease by subjecting to taxation. Also, online shop to settle with bit coinBitcoinShopCharles Allen, CEO, worried about the magnitude of the impact, "This IRS decision will be a huge burden for people trying to utilize bit coins for business settlements."

According to the guidance revealed by IRS, bit coin transactions will be handled in the same way as stock transactions. For example, due to US tax law, it occurred in stock tradingCapital lossCan be deducted from the gain on the sale of other shares and deduction from income is also allowed up to 3000 dollars (about 310,000 yen) per year, so it seems that it will be handled similarly for bit coins.

However, unlike stock trading, bit coins have a specificity that they can be mined by mining. From the guidance of the IRS, it is required to report income equivalent to the market price of the bit coin at that time as taxable income when minor mining bit coin acquires a new bit coin by mining Whether you can actually collect taxes is unclear from the viewpoint of effectiveness.

ByDonkeyHotey

If legislation according to the guidance of IRS issued this time is established and collection of tax starts, it is easy to increase "back trade" that does not appear publicly, disliking the bit coin user being taxed. I can imagine. Whether it is possible to realize bit coin taxation, it seems that the world will pay attention to American bit coin transactions.

Prior to the United States, even in Japan "Bit coin is not a currency, it is handled as" goods "like precious metals etc, and tax is imposed if it meets the taxation requirements of tax law as general theory"Government policyAlthough it is clarified, concrete legislation concerning bit coin, including whether to regulate taxation method and transaction, remains undeveloped.