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by runarb
4575 days ago
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No. As I understand it, BitCoin will be treated like a physical asset. For example the same as a gold bar. In Norway assets are subjected to value added tax, but currencies are not. This makes bartering problematic. For example a 1 oz gold bar will cost about 10000 NOK in Norway (8000 NOK for the gold, and 2000 NOK in vat). But a 1 oz gold coin will only cost 8000 NOK because the coins are considered a currency, and thus not subject to vat. If you are going to barter 1 oz of gold for something it is thus better to use a gold coin, then a gold bar. |
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