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From: Neil Fincham <neil@asdf.co.nz>
Date: Sun, 29 Sep 2013 15:28:26 +1300
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Subject: Re: [Bitcoin-development] smart contracts -- possible use case? yes
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I subscribe to this list so I can keep up-to date with bitcoin development,
can we keep philosophy and tax evasion out of it?
Neil
On 29 September 2013 09:15, <rob.golding@astutium.com> wrote:
> > But the regulatory environment in many geographical regions in
> > uncertain. Do we need to pay capital gains? Do we need to pay a
> > sales taxs etc. etc.
>
> In most regions it's not only 'simple' but trivial - BTC is just
> 'another currency' and accounted for exactly the same way - it doens't
> matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig
> Dung, you still have a GBP tax issue ...
>
> > So my idea is to voluntarily pre empt legislation by giving donations
> > to govt (aka taxation) for bitcoin service providers.
>
> You want to volunteer to pay tax ? I'd suggest stronger medication ...
>
> > However, there is something of a problem with voluntary donations.
> > Most people are not satisfied with the way they are spent.
>
> 80% of 'donations' end up spent on 'adminsitration' and not what they
> were donated for, this is a 'greed' issue not a 'currency' issue.
>
> > In the UK
> > a recent survey said that only 18% of people thought that tax money
> > was wisely spent.
>
> Tax isn't voluntary or a donation. The 18% who think UK tax is well
> spent are the 18% of the population who get the tax money, not the 82%
> that pay it ;)
>
> > Can we fix it?
>
> First we kill all the politicians ...
>
> > So let's say I run a business and I make 1 million euros. I wish to
> > donate 10% of my profits to society. But let's say I dont want that
> > money to go to wars of aggression, but rather, to the fire
> > de[department.
>
> So give it to the FD - what you do with your post-tax profits are up to
> you ;)
>
> > At this point everyone wins. The business person is happy to make a
> > contribution. The govt. is happy that it gets more revenue. The
> > fire dept. is happy that it has revenue to do its work. And
> > everything has gone to the right place in a kind of democratic way.
>
> Where does gov't come into this ? I think you're confusing 'tax' which
> you have zero control over and 'donations' which you already have 100%
> control over.
>
> Rob
>
>
> ------------------------------------------------------------------------------
> October Webinars: Code for Performance
> Free Intel webinars can help you accelerate application performance.
> Explore tips for MPI, OpenMP, advanced profiling, and more. Get the most
> from
> the latest Intel processors and coprocessors. See abstracts and register >
> http://pubads.g.doubleclick.net/gampad/clk?id=60133471&iu=/4140/ostg.clktrk
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>
--e89a8ff1cf52d6ad5104e77c7b8a
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">I subscribe to this list so I can keep up-to date with bit=
coin development, can we keep philosophy and tax evasion out of it?<div><br=
></div><div>Neil</div></div><div class=3D"gmail_extra"><br><br><div class=
=3D"gmail_quote">
On 29 September 2013 09:15, <span dir=3D"ltr"><<a href=3D"mailto:rob.go=
lding@astutium.com" target=3D"_blank">rob.golding@astutium.com</a>></spa=
n> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;b=
order-left:1px #ccc solid;padding-left:1ex">
<div class=3D"im">> But the regulatory environment in many geographical =
regions in<br>
> uncertain. =A0 Do we need to pay capital gains?=A0=A0 Do we need to pa=
y a<br>
> sales taxs etc. etc.<br>
<br>
</div>In most regions it's not only 'simple' but trivial - BTC =
is just<br>
'another currency' and accounted for exactly the same way - it doen=
s't<br>
matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig<br>
Dung, you still have a GBP tax issue ...<br>
<div class=3D"im"><br>
> So my idea is to voluntarily pre empt legislation by giving donations<=
br>
> to govt (aka taxation) for bitcoin service providers.=A0<br>
<br>
</div>You want to volunteer to pay tax ? I'd suggest stronger medicatio=
n ...<br>
<div class=3D"im"><br>
> However, there is something of a problem with voluntary donations.=A0<=
br>
> Most people are not satisfied with the way they are spent.<br>
<br>
</div>80% of 'donations' end up spent on 'adminsitration' a=
nd not what they<br>
were donated for, this is a 'greed' issue not a 'currency' =
issue.<br>
<div class=3D"im"><br>
> In the UK<br>
> a recent survey said that only 18% of people thought that tax money<br=
>
> was wisely spent.<br>
<br>
</div>Tax isn't voluntary or a donation. The 18% who think UK tax is we=
ll<br>
spent are the 18% of the population who get the tax money, not the 82%<br>
that pay it ;)<br>
<br>
> Can we fix it?<br>
<br>
First we kill all the politicians ...<br>
<div class=3D"im"><br>
> So let's say I run a business and I make 1 million euros.=A0 I wis=
h to<br>
> donate 10% of my profits to society.=A0 But let's say I dont want =
that<br>
> money to go to wars of aggression, but rather, to the fire<br>
> de[department.=A0<br>
<br>
</div>So give it to the FD - what you do with your post-tax profits are up =
to<br>
you ;)<br>
<div class=3D"im"><br>
> At this point everyone wins.=A0 The business person is happy to make a=
<br>
> contribution.=A0 The govt. is happy that it gets more revenue.=A0 The<=
br>
> fire dept. is happy that it has revenue to do its work.=A0 And<br>
> everything has gone to the right place in a kind of democratic way.<br=
>
<br>
</div>Where does gov't come into this ? I think you're confusing &#=
39;tax' which<br>
you have zero control over and 'donations' which you already have 1=
00%<br>
control over.<br>
<br>
Rob<br>
<br>
---------------------------------------------------------------------------=
---<br>
October Webinars: Code for Performance<br>
Free Intel webinars can help you accelerate application performance.<br>
Explore tips for MPI, OpenMP, advanced profiling, and more. Get the most fr=
om<br>
the latest Intel processors and coprocessors. See abstracts and register &g=
t;<br>
<a href=3D"http://pubads.g.doubleclick.net/gampad/clk?id=3D60133471&iu=
=3D/4140/ostg.clktrk" target=3D"_blank">http://pubads.g.doubleclick.net/gam=
pad/clk?id=3D60133471&iu=3D/4140/ostg.clktrk</a><br>
_______________________________________________<br>
Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
</blockquote></div><br></div>
--e89a8ff1cf52d6ad5104e77c7b8a--
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