<p>It is a PUBLIC LEDGER - anyone can follow an address trail, and the governments of the world already know how to do that - and that is why so many are looking to adopt Bitcoin and make their own digital currencies.  See especially <a href="https://secure.caseyresearch.com/chain?cid=MKT336710&amp;eid=MKT337276&amp;encryptedSnaid=&amp;snaid=&amp;step=start" rel="nofollow noreferrer">https://secure.caseyresearch.com/chain?cid=MKT336710&amp;eid=MKT337276&amp;encryptedSnaid=&amp;snaid=&amp;step=start</a></p>

CC BY-SA 3.0
2017-09-01T01:30:17.093Z
2017-09-01T02:04:29.410Z
2017-09-01T02:04:29.410Z
wilburunion
<p>Just read an article on an interesting proposal to tax bitcoin transactions via the blockchain. Sounds feasible -> <a href="https://cointelegraph.com/news/blockchain-for-taxation" rel="nofollow noreferrer">https://cointelegraph.com/news/blockchain-for-taxation</a></p>

CC BY-SA 3.0
2017-07-21T08:13:48.030Z
2017-07-21T08:13:48.030Z
Josh
<p>If we say, hypothetically, the future has a society that runs solely on Bitcoin as its currency. Because of its anonymity how would tax and government revenue be enforced in this society? At this point, naturally, Bitcoin will no longer be considered a commodity but rather a currency. I know that this may be speculative but it must be on a lot of minds with regard to the future of Bitcoin.</p>

CC BY-SA 3.0
2017-01-10T18:11:32.423Z
Bitcoin is far less anonymous than cash is. How was tax and government revenue enforced in a cash society? By investigating people whose tax claims don't match reality.
Pieter Wuille
CC BY-SA 3.0
2017-01-10T19:44:53.290Z
A remarkable [answer from John McAfee](https://www.youtube.com/watch?v=bVeq2rdZyPw)
Sven Williamson
CC BY-SA 3.0
2017-01-10T23:18:53.017Z
@SvenWilliamson: I don't think that John McAfee is right on that. Companies would still have contracts with employees. Governments would still be able to investigate income reports of companies and regular tax payers. Sure, it would become easier to evade taxes, but it seems phantasmal that taxes would disappear over night.
Murch
CC BY-SA 3.0
2017-01-11T07:25:06.343Z
@Murch: yes I agree, civil servants and those working for companies which can be shutdown by governments will continue to pay taxes.
Sven Williamson
CC BY-SA 3.0
2017-01-11T10:59:02.260Z
I would lean more towards McAfee. Right now whatever transaction you make (save cash but cash becomes extremely inconvenient in large numbers) go through a third party i.e. bank. This essentially renders that record available to others which may be used for audits. Regardless of what account you use there will be a record of it somehow. With bitcoin and regular new addresses "Audits" may become extremely difficult to follow through...
Josh
<taxes>
How would tax and government revenue be enforced in a bitcoin run society?
Josh
# How would tax and government revenue be enforced in a bitcoin run society?

(Asked by: username_0 on 2017-01-10)

If we say, hypothetically, the future has a society that runs solely on Bitcoin as its currency. Because of its anonymity how would tax and government revenue be enforced in this society? At this point, naturally, Bitcoin will no longer be considered a commodity but rather a currency. I know that this may be speculative but it must be on a lot of minds with regard to the future of Bitcoin.

**Tags:** taxes

> **Comments:**
> **username_1**: Bitcoin is far less anonymous than cash is. How was tax and government revenue enforced in a cash society? By investigating people whose tax claims don't match reality.  
> **username_2**: A remarkable [answer from John McAfee](https://www.youtube.com/watch?v=bVeq2rdZyPw)  
> **username_3**: @username_2: I don't think that John McAfee is right on that. Companies would still have contracts with employees. Governments would still be able to investigate income reports of companies and regular tax payers. Sure, it would become easier to evade taxes, but it seems phantasmal that taxes would disappear over night.  
> **username_2**: @username_3: yes I agree, civil servants and those working for companies which can be shutdown by governments will continue to pay taxes.  
> **username_0**: I would lean more towards McAfee. Right now whatever transaction you make (save cash but cash becomes extremely inconvenient in large numbers) go through a third party i.e. bank. This essentially renders that record available to others which may be used for audits. Regardless of what account you use there will be a record of it somehow. With bitcoin and regular new addresses "Audits" may become extremely difficult to follow through...  

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## 2 answers

### Answer by username_4 on 2017-09-01. Score: 1

It is a PUBLIC LEDGER - anyone can follow an address trail, and the governments of the world already know how to do that - and that is why so many are looking to adopt Bitcoin and make their own digital currencies. See especially <https://secure.caseyresearch.com/chain?cid=MKT336710&eid=MKT337276&encryptedSnaid=&snaid=&step=start>


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### Answer by username_0 on 2017-07-21. Score: 0

Just read an article on an interesting proposal to tax bitcoin transactions via the blockchain. Sounds feasible -> <https://cointelegraph.com/news/blockchain-for-taxation>


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