According to a Coindesk article, Germany may have changed the game in terms of cryptocurrency taxes.
The article can be found here:
https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/
Basically it talks about how for tax purposes bitcoin would be considered a private currency over there as opposed to property like it is here in the US.
The results would be that people could purchase things as small as a cup of coffee without having to worry about capital gains taxes on each and every transaction.
A feature that currently makes using bitcoin for payments very impractical.
However, there was a bigger release than that in there. Especially for steemit bloggers.
Check out this part from the release:
"Other aspects of the cryptocurrency ecosystem will not be taxed. Miners who receive block rewards will not be taxed, as their services are considered to be voluntary."
(Source: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/)
Miners who receive block rewards will not be taxed?
Does that mean that Steemit bloggers, who are basically mining steem, would also not be taxed on their steem that they earn for blogging?
If so that could end up being a significant difference in the tax bills owed at the end of the year depending on where you live.
If that is the case some steemit bloggers might be moving to Germany in the near future!
(Source: http://www.nationsonline.org/oneworld/germany.htm)