Is it possible to pay taxes in cryptocurrency?
Why not? š
For example, Tom Tate, the mayor of the Australian city of Gold Coast, offered residents to pay their local taxes in cryptocurrency.
He said: ā Why donāt we pay taxes in cryptocurrency if the risk isnāt high? And volatility is not a bad thing. This new action will show everyone that we are innovators and attract the younger generation⦠Iām not saying weāre already doing it, Iām just saying weāre always looking to the future.ā
How long do you think itāll take to start paying taxes in cryptocurrency in your city?