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103 sats \ 0 replies \ @SpaceHodler 5 Jul 2023 \ on: IMF warns crypto threatens tax collection bitcoin
It also highlights how VAT can be applied to cryptocurrency miners to newly minted coins.
But wait, VAT is value added tax. Newly mined coins don't add value, because they dilute the supply. The central bank doesn't pay VAT on newly printed fiat money.
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