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Norway: Bitcoin Isn't Real Money
Norway's
director general of taxation, Hans Christian Holte, said the currency
"doesn't fall under the usual definition of money." The Norwegian
government instead decreed Bitcoin to be an asset upon which capital
gains tax can be charged. Bloomberg says profits
from Bitcoin will fall under the wealth tax, and that losses can be
deducted. Holte also said there will be a 25 percent sales tax for
businesses, reports Verge.
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