Re: [Bitcoin-development] smart contracts -- possible use case? yes or no?

[Neil Fincham <neil@asdf.co.nz>]

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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
>
>
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