Bitshares 2.0 will be tax free in EU

[fuzzy]

Your title is totally misleading. It's vat-tax free, not tax free. You still have to pay income tax on profits. In the past, when you withdrew BTC from an exchange to a (commercial) bank account, you'd have to pay vat on it (19-23% usually, depending on EU country).

This is no longer the case.

VAT is so ridiculous.  There is no "value added" so it should be called "rape me more" tax (RMMT).

[mindphlux]

Your title is totally misleading. It's vat-tax free, not tax free. You still have to pay income tax on profits. In the past, when you withdrew BTC from an exchange to a (commercial) bank account, you'd have to pay vat on it (19-23% usually, depending on EU country).

This is no longer the case.

[luckybit]

what you are stating that BTS 2.0 will be tax free - is not for sure!

the EuGH did say Bitcoin Transactions are tax free, but we are different and this is maybe not true for all our "products" true.

I'm not a lawyer, but it is still good news for Bitshares. It's very possible that the exchange portion of Bitshares 2.0 could be considered tax free in the EU. It's not a sure thing, but it's a key point which can be highlighted in the marketing that the EU gave this ruling.

[Shentist]

what you are stating that BTS 2.0 will be tax free - is not for sure!

the EuGH did say Bitcoin Transactions are tax free, but we are different and this is maybe not true for all our "products" true.

[luckybit]

http://cointelegraph.com/news/115447/breaking-eu-court-rules-bitcoin-exchange-is-tax-free

So this might have some impact on the fee debate. When you consider the fact that taxes are lower for certain demographics they might be willing to pay higher fees. At the same time Americans also will gain exposure to global opportunities, while today it's very difficult for Americans to invest in Chinese stocks. Americans on the other hand also might have lower taxes depending on what they trade and how courts treat it.

These are all selling points. People in the USA rely on ETFs specifically because it's more tax efficient.