CoinReport How Bitcoin Merchants Are Pushing The Price Down CryptoCoinsNews bitcoin price down OKCupid, Overstock, DISH network, Expedia, Kings College New York. The list of merchants accepting Bitcoin is growing.
It seems like the United States is not the only country making important decisions about bitcoin in the middle of its tax season.
Shortly after the US Internal Revenue Service (IRS) declared that it would treat digital currencies as property for tax purposes, the Tax Board in Denmark has ruled that gains and losses from casual bitcoin trading are not subject to taxation.
Politiken reports that Denmark’s top tax authority met today to discuss digital currencies and how to approach their taxation, and the Tax Board concluded that any gains made from bitcoin trading are exempt from being taxed by the Danish government, and similarly any losses from trading are not deductible.
The Danish government has been under pressure to decide the fate of digital currency taxation for months, according to Michael Popp-Madsen, a member of Denmark’s bitcoin community.
The increasing popularity of bitcoin and other digital currencies combined with uncertainty about their tax status in Denmark has brought a lot of attention on the Tax Board to decide one way or another whether bitcoin will be taxed.
Euro banks warned off Bitcoin as Canada regulates it Register The authority appears to put Bitcoin regulation in the too-hard basket, at least for now, saying that “a regulatory approach to address these risks would require a substantial body of...
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