Comment: As I'm eating my Cap'n Crunch... Bitcoin is a taxable asset

(See in situ)


As I'm eating my Cap'n Crunch... Bitcoin is a taxable asset

"Hans Christian Holte (Norway’s director general of Taxation) has stated that ....Bitcoin is considered an asset on which capital gains tax can be charged. According to Bloomberg, the currency can now be taxed under the wealth law and the losses in the currency can be deduced from taxes. Norwegian Kristoffer Koch whos assets in Bitcoins are worth $866,000 (valued October) is going to be taxed under the new move."
-----------------
Anybody wanna bet other countries are going to follow suit?

But of course everybody with Bitcoins is already betting against it.

Seriously. Please keep your wits about your high risk Bitcoin investments.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ