Germany and France want GLOBAL REGULATION in march at the G20 meeting
Germany and France say that they are worried because of the volatility of Bitcoin and want global regulation at the G20 meeting in march.
For sure the regulation has to be global to be effective. If not some countries would become Hong Kong and the rest the Soviet Union, as all the business would go to the country which is the most free nation in this regard. So everybody has to have the same opportunities (in this case no opportunity). If everybody is Soviet Union, there is no way to avoid it and to prosper.
Also they want to equalize taxes in the European Union. Surely they will not agree to lower taxes in the high tax countries, but to raise taxes in the remaining low tax countries, so that there is no competition anymore. In the end high (70%+ taxes will have to be established globally, not only in G20 countries).
Nice.... this move is nothing new though. In the last 100 years taxes have risen from 4% income tax and no social security costs to 70%+ taxes in the last few years. If there are countries left where taxes are considerably lower this would make such a tax rate impossible, as producers would be incentivized to leave high tax countries and move to freer low tax countries.
Curious that the slaves 300 years ago who were paying 10% to their masters were considered as such, but people today paying 70%+ are considered to be free....
This is really educating, i am of opinion that all all countries, especially, developing countries should do something about their tax rate to make life easier.
Every country can be a Monaco or Hong Kong... just copy their policies...
Exactly, Weldon for the great job.
Exactly, especially developing countries.
I have always been against automatic vote, if you really build relationships with other users, it implies the reading of their materials and live comments on the subject.
But, I understand that it's hard to find free time for this (every day follow updates of friends and participate in discussions). And auto-vote in a sense is an opportunity to say Hello, to express respect for your relationship. Accordingly, if you withdrew from somebody list you have lost the interest of this person to you. So your actions in this case are absolutely correct.
Governments are now become legalized robbers by increasing high taxes on public.
I think they would argue that these taxes are the absolute minimum. ;)
Thank you for sharing this informative post @mexbit
Thank you for sharing
resteemed and upvoted
Thank you for resteeming!
I am anticipating the G20 summit.
To start with, we went into a high-charge European Union for Turkey on the off chance that it would ideally this expense will fall.
Another issue is that at the G20 summit, crypto cash will be talked, and if positive choices are taken, bitcoin and other crypto cash will rise once more
I cannot understand this: "To start with, we went into a high-charge European Union for Turkey on the off chance that it would ideally this expense will fall."
What do you mean?
Thanks for the update and G 20 new news.
This is very impotent information and useful.
Great writing experience .
Thanks @mexbit
Have a great day
Resteem
Thanks for resteeming!
Yes governments will always want your hard earned money and will do whatever they can. Even if we have a system that can prevent this, they will scare most people to give into there demands.
I think the current system is unable to prevent this. Everyone wants to spend! Especially money from other people! ;)
Lol true!
This is complete bullshit... I can't see taxes in any other way but only as theft from everyone's pockets in the middle of the day. Obviously they just want to milk everyone as much as possible so these regulations are being made.
The regulations also give privileges to big companies! Lobbyists have a really great ROI...
@mexbit, Actually you said very serious discussion about term regulations of some countries. This time France and Germany try to introduce global regulations in G20 meeting coz of the volatility of Bitcoin. This is not new step. What they hope after decision? However very informative post.
Resteemed your post.
You can stop the volatility only by fixing the price or prohibit it directly. Stable ZERO. Thanks for resteeming!