RE: Are Hive Rewards Taxable Events?

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Everything between the fixed border are and in a jurisdicting state falls under the criteria of taxation and tax paying. But,in the virutal presence and online monetizatiom system,there is the need that arises to say, -we need to chamge the definition-..

I think,since we have gotten automation in the virutal sector,so as for blockchains and what you said is very true..that every block is a neat product of tax, nice bit analysis with good bit of example.Learnt a lot..

👍



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Actually virtual/online transactions has been part of physical jurisdictions for tax and regulation purposes for a while now. Just like sales taxes, when e-commerce was new they didn't know how to tax it, but eventually they figured it out and now almost all online purchases require sales taxes based on the jurisdiction the product is being purchased at and will be delivered to, regardless where the product is coming from.

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Yeah,so true.I myself have also witnessed part of the system that happened for e commerce.
Nice to know more from your blog, 💗👍

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