705000+ entries in 0.382s
jurov: yes i'm supposed
to pay VAT once my company oversteps 49k EUR/365 days
davout: the answer is "technically, probably yes, but
that's not bitcoin-central's problem"
davout: "should someone on one side of
the
trade
technically pay vat?" <<< you're
the first one
to actually make
this very good comment
davout: VAT applies on our fee, so on 0.59% charged
there's a part
that goes in
the pocket of
the motherland
davout: it's your money deposited in EUR, in your name, and you give us a mandate
to move it around,
the mandate is
the
trick
khersonus: davout: so if I sell/buy on bitcoin-central, should someone on one side of
the
trade
technically pay vat?
Apocalyptic: they are just providing
the service, in exchange for
the fee, so
the VAT is levied on
that
davout: you're mandating us, and pay us
to simply shuffle money around
these accounts
davout: basically
the way it works is
that you have an account in BTC
davout: we're simply not counterparty
to
trades
khersonus: davout: from bitcoin-central
TOS "The PLATFORM allows
the CUSTOMER
to submit
TRADE ORDERS for
the purchase or sale of Bitcoins" << probably a stupid question, but how does VAT not apply
to
that?
davout: gotta love
the "100% non illegal"
thing
davout: kakobrekla: "sounds like some 80' computer company" <<< looks like we don't speak
the same english
fluffypony: I'm so sad my S.LIMBS
thread got deleted
kakobrekla: davout
the only stock you are ipoing is S.LAUGHING !
jurov: kakobrekla:
The
tax authority distinguishes between bitcoin and Bitcoin. Wow! I'm so proud of
there bureaucrats
fluffypony: "Fein Sender is a part of our mobile app
that allows one
to display a barcode on your phones screen
that anyone can scan using
their phone’s camera."
davout: khersonus: if you really want
to nitpick you should also add "and not quickly multiply more numbers and broadcast it in such a way
that
the first broadcast never gets confirmed" :D
kakobrekla: ;;translate slovak english Finančná správa rozlišuje medzi bitcoin a BItcoin. Wow! Som na
tých byrokratov
tak pyšný
davout: for
those who missed feincoin, it's worth
the five minutes of your
time
khersonus: davout: multiplying some numbers, and broadcasting
the
tx
to
the network might be nice
too
Apocalyptic: seems like
they know a
thing or
two indeed
Apocalyptic: "Finančná správa rozlišuje medzi bitcoin a BItcoin. Wow! Som na
tých byrokratov
tak pyšný" heh
jurov: yes, i
think
too someone somewhere will certainly hell bent
to categorize it somewhere
davout: jurov: wait until
the
tax administration realizes signing a
transaction can perfectly be defined as a "service" :D
jurov: no,
the statement he cited said
that it is neither goods nor service, so
the law does not apply
davout: jurov: interdasting, did
the guy
tell you
the govt actually, and voluntarily simply said "oh ok, we'll waive
the
tax for you" ?
Apocalyptic: if you want
to visit Dubai, you have
to apply for a visa where retinal scan is in order
kakobrekla: >I found a way
to generate Bitcoins even faster
then every Miner, in a legal way.
the Methode i use whas checked by local Lawyer and is 100% non illegal.
Apocalyptic: <fluffypony> I don't know if
the Bitcoin ATMs being dropped into Dubai will have lal
this AML crap // lol
jurov: but my
tax advisor
threw quite a fit upon seeing
that
jurov: indeed, dude who owns bitcoin atm here got some official statement
that VAT does not apply,
fluffypony: I don't know if
the Bitcoin ATMs being dropped into Dubai will have lal
this AML crap
davout: fluffypony:
the US has
the advantage of not having VAT,
that's why coinbase can work
the way it does, and
that bitcoin ATMs are actually safer
to setup
there
than in europe
fluffypony: either way, most of
the Bitcoin ATM reviews I've read have been US-centric
davout: fluffypony: bear in mind
that i'm not really competent when it comes
to regulation in
the US, my field of expertise is regulation in europe
davout: fluffypony: is bitcoin defined in
the "precious Metals, Stones, or Jewels" category? i believe not
fluffypony: personally I
think it's just a silly way of
trying
to promote adoption, it's more inconvenient
to use
than convenient
davout: khersonus: no i should absolutely not, because as far as I know european VAT applies on
the full amount of sales unless stated otherwise
kakobrekla: imo i dont hink btc atm will catch on on
the long run
fluffypony: in
the US
they apply
the "everything is bad, here are some exceptions" policy
fluffypony: that insist on AML being applied if you're providing a cash dispensing business, with specific exemptions for
things like registered pawnbrokers
davout: but
that's usually very clearly laid out in
the law
davout: the fact
that "it's ripe for ML" is in no way relevant,
the machine is not "dispensing cash", it could be automatically buying apples from you
kakobrekla: btc atm could be considered as otc
trading no?
davout: when you buy and sell X, you buy and sell X, as long as X is not defined as a financial instrument, (or a precious metal in some countries)
there is no reason for KYC/AML
to apply
davout: fluffypony: nah,
that's when you store fiat on behalf of
third parties
fluffypony: the compliance is wrt
the fiat being padi
fluffypony: if it pays out in fiat
the legal definition of Bitcoin is irrelevant, no?
davout: in other words a bitcoin ATM is by no means different
than any other vending machine
jurov: and shown in
the btc account history
davout: khersonus: my point is
that
the legal requirements are imaginary since bitcoin is nowhere legally defined as money
jurov: <peterl> jurov: how do coinbr refferals get paid? << it is added monthly, usually just after
the monthly fee
khersonus: it's normally AML/KYC stuff
that causes problems for bitcoin<->cash machines
davout: pankkake: "Given
the various legal requirements,
the new model will be equipped with a fingerprint scanner and a security camera." <<< wonder what legal requirements
they're referring
to
pankkake: and yet I've only commented on a few of his offerings, only
to provide a link
to a scam accusation or something
fluffypony: so it looks like BitcoinBourse
think
that you've been paid
to
troll
them
ozbot: BitcoinBourse:
the biggest scam in Bitcoin securities
today
pankkake: "Given
the various legal requirements,
the new model will be equipped with a fingerprint scanner and a security camera."
mircea_popescu: so basically collins-rector has a harem
too, except of [ex]little boys, among which brock pierce, whom he keeps pushing into bitcoin nonsense.
mircea_popescu: Apocalyptic lol i gotta love phins' footwork. ask him
to come over will you ?
ozbot: Gold-farming empire linked
to dot-com child abuse scandal - Boing Boing
mircea_popescu: Digital Entertainment Network happens
to be
the bankrupt venture of
the brock pierce guy who is
the purported owner
that was going
to buy
the
techno music brand some kid was pitching earlier in chan
mircea_popescu: "There is a convergence between WeHo pedos; some might recall
the 1998 web series Chad's World which was essentially a bunch of 30-something pedos creating a project
to lure boys
to Hollywood with promises of becoming stars in exchange for "work"
they would do while living with various members of
this group of 30-something pedos. "
pigeons: whats
this about gox
to reopen in pattaya with new ownership?
pigeons: just explosives in
the mail
pigeons: apparently
there was some sort of recording
that got an indictment, and "too many little boys for everything
to be right", but not enough evidence
to move forward after
that
pigeons: yeah
thats what i was
trying
to correct
assbot: [HAVELOCK] [B.MINE] [PAID] 2.72386476 BTC
to 8`667 shares, 31428 satoshi per share
Apocalyptic: guys begin
to realize what is
the foundation about
Apocalyptic: <Kelticfox>
The Foundation really doesnt give a fuck about BTC does it?
Apocalyptic: Kelticfox> interesting...
the person
trying
to buy Gox (and just added
to
the Foundation) is a convicted child molester
mircea_popescu: kinda why poor people are so universally despised :
they say
that which
they figure may best serve.
mircea_popescu: the lower class CLAIMS my arrogance is
the problem. but
this is merely what
they imagine would make a convincing scapegoat.
mircea_popescu: benkay notice
that
the overall effect was exactly
the same.
benkay: <mircea_popescu> skinnkavaj on
the strength of
that answer i humbly submit // well
that's a first
benkay: hurr,
thanks fluffypony
kakobrekla: >We, are a
Team from six countries ( Germany, Portugal, Russia,
Turkey, Switzerland, and Great Britain ) and focused
to meet your standard of requirements as experienced and serious Bitcoin-Insiders, and would highly appreciate your feedback, proposal and critics
to our site and services for an ensured continuous improvement process!