India Plans to Tax Income From Bitcoin Investments: Report - CoinDesk
Personally I think it is time for countries to do away with personal income tax and rely on indirectly taxing its private citizens through GST/VAT schemes. Many countries already do not tax its private citizens for incomes earned. To increase its GST/VAT tax revenues governments could put in place policies that encourage productivity and consumption, which will be good for its economy too. Doing so, governments could worry less about tax crimes being committed by its private citizens and concentrate more on productive issues.
Shared On DLIKE
