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What makes Bitcoins problematic for tax collectors?

 What makes Bitcoins problematic for tax collectors?


The thing that makes bitcoins a little bit complicated. Is that kind of virtual money is out of the sight of tax authorities. So that thing makes the bitcoins problematic for the governments. Bitcoin is the virtual payment tool, that is acting like stock. People can invest the bitcoins what means they can buy those things. And they can sell bitcoins whenever they want. 

What is the problem with bitcoins? If some companies are starting to pay their payments in bitcoins, that thing makes it possible to work without paying taxes. So the person who operates with bitcoin payments can open a bank account and then sell the bitcoins every time that person wants. 

So if the salary is paid by using bitcoins, they are not visible to the tax collectors. And then our hero would operate without paying taxes, and then that bitcoin can turn into real money at far away at another side of the Earth. There is the possibility that the money that is earned by selling bitcoins can upload to the payment cards. 

Or special accounts that are operated by some companies that cannot track those people are using the bitcoins as payment tools. The investment in bitcoins is problematic things because large-scale investment in that thing will make it possible that lots of money are lost from the marketing. But that money exists in the form of bitcoins. And if somebody will decide to sell about five billion bitcoins to some bank. 

That thing would cause a devastating effect on the economy of that country. The problem is not private investors who can control. The problem is that maybe some governments are using bitcoins for the payments for their cooperatives. The bitcoins are the target for the investors who are buying bitcoins by using some currency. And then sell those bitcoins to some other country. There they can get a better profit. 

The bitcoins are also a good tool for hiding the origin of the payment. If some "non-tolerated" operator will give payment for the cooperative. That can happen by chance the money to bitcoins. And again back to money a couple of times by using different currencies. In that case, the bitcoins can use as the "bridge" between the renminbi of China and U.S Dollars. First, the operator can buy some currency, which can exchange for a renminbi, and buy bitcoins by that currency. 

This operator can use the same thing a couple of times. Which covers the origin of that money. So that means that the operator would change the different currencies, and use the bitcoins as the middleman. Then the operator can finally change bitcoins to US Dollars. And of course, the payments to cooperatives can also make by using bitcoins, which would cover the origin of the money. 

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