How to Tax Bitcoin?

MusaibSiyal

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The most common taxation problems related to the use of virtual currency and to examine how tax authorities of various countries are struggling to solve them. The chapter discusses legal developments in, inter alia, the United Kingdom, the United States, Singapore, Norway, Ukraine, the Netherlands, and Denmark. Both direct and indirect issues are addressed, whereas the current law is generally able to capture transactions in digital currencies, taxpayers need more practical guidance on how the rules apply to their particular situation.
 
The most common taxation problems related to the use of virtual currency and to examine how tax authorities of various countries are struggling to solve them. The chapter discusses legal developments in, inter alia, the United Kingdom, the United States, Singapore, Norway, Ukraine, the Netherlands, and Denmark. Both direct and indirect issues are addressed, whereas the current law is generally able to capture transactions in digital currencies, taxpayers need more practical guidance on how the rules apply to their particular situation.
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