Max Keiser and Stacy Herbert on the panel
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Last night I got to meet Stacy and Max, he did explain the situation with Litecoin saying that he did not own any crypto other than Bitcoin and Stacy said that she traded on BTCe for 24hours during the time they were having one of LTC’s people on their show but that was it.
This followed some concern that he was pumping some coins but he told everyone he was concerned about the ethics and felt that it was a distraction and so would not be promoting any more coins in the future though he did think competition within the space was important.
I am now off to support Michael Parsons in his meeting with HMRC (UK Tax Authority) as they are trying to charge Bitcoin/Crypto Businesses with VAT.
[center][img]http://feathercoin.com/image/Max_Keiser_Stacy_Herbert_.jpg[/img][/center]
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Glad he clarified that. I like him as person/character, but taking money to pimp out coins would’ve made me lose masses amounts of respect for him. Still, can he be trusted?
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Holy shiz, important meetings!
How can HMRC claim VAT on Cryptocurrency…? It’s too unstable to have a flat % fee?
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[quote name=“T4rQu1N” post=“40555” timestamp=“1386342294”]
Holy shiz, important meetings!How can HMRC claim VAT on Cryptocurrency…? It’s too unstable to have a flat % fee?
[/quote]Surely they’ll just tax a percentage of whatever the price it was bought/sold for. It’s going to interesting to see how governments deal with cryptos.
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What does Michael Parsons want to achieve with HMRC ? This could be opening up a can of worms. Doesn’t this go against the ethos of crypto? Maybe we have to work with them to survive? Next it will be bankers getting their grubby fingers in the pie. This will be past up the chain of command so a greasy politician will have a say!!!
There is a lot to think about here, and I am off for a cup of tea and a think, as I have an AWFUL taste in the mouth. -
[quote name=“chrisj” post=“40526” timestamp=“1386333770”]
so would not be promoting any more coins in the future
[/quote]Except, he will be on 12/19 (scheduled to air).
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[quote name=“BikerGSX” post=“40591” timestamp=“1386347095”]
What does Michael Parsons want to achieve with HMRC ? This could be opening up a can of worms. Doesn’t this go against the ethos of crypto? Maybe we have to work with them to survive? Next it will be bankers getting their grubby fingers in the pie. This will be past up the chain of command so a greasy politician will have a say!!!
There is a lot to think about here, and I am off for a cup of tea and a think, as I have an AWFUL taste in the mouth.
[/quote]He got them to overturn their decision on treating Bitcoin as a single use Voucher which would incur VAT. These are not like regulators, we don’t have a choice. In the UK the tax man sends you a bill and you either pay it or take him to court. You are guilty until proven innocent when it comes to tax in the UK.
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Wow chris, that was extremely and important / interesting. Should be in news letter?
Of to pub for jam night… tea too weak, need Guinness…
