Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
1–10 of 35 posts
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#2Good PR, but why would anyone want to get part of their salary paid in bitcoins? You get the disadvantages of both.
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#3Good PR, but why would anyone want to get part of their salary paid in bitcoins? You get the disadvantages of both.
Unless you don't need to pay taxes if you get your salary in bitcoins :)
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#4Good luck doing your taxes!
Seriously. Is there any simple guidance on how to figure your income if paid in BTC?
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#5Good PR, but why would anyone want to get part of their salary paid in bitcoins? You get the disadvantages of both.
Unless you don't need to pay taxes if you get your salary in bitcoins :)
If all it took to avoid income tax was to be paid in a different currency then I would assume someone would have noticed that by now.
Personally, I find tax returns are bad enough without including multiple currencies! :-)
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#6That seems about as notable as being paid in Turkish lira or in watermelons. Anyone can take their salary in local currency and exchange it for something else. There's little incentive to lock part of your salary in a foreign(?) currency when they "use the daily exchange rate of the payday."
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#7Good PR, but why would anyone want to get part of their salary paid in bitcoins? You get the disadvantages of both.
Automatic dollar-averaged investment done by the company. I would like that service if I were a regular worker.
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#8Good luck doing your taxes! Seriously. Is there any simple guidance on how to figure your income if paid in BTC?
They're still paid in EUR, just getting some of that converted to BTC. If selling the BTC later on makes them a profit, it becomes the responsibility of the employee to report any profits.
The greater problem is how the employer manages to get a hold of larger amounts of BTC needed.
Re: Finnish HTML5 house SC5 pays salary and accepts payments as Bitcoins
#9Good luck doing your taxes! Seriously. Is there any simple guidance on how to figure your income if paid in BTC?
They're still paid in EUR, just getting some of that converted to BTC. If selling the BTC later on makes them a profit, it becomes the responsibility of the employee to report any profits. The greater problem is how the employer manages to get a hold of larger amounts of BTC needed.
> The greater problem is how the employer manages to get a hold of larger amounts of BTC needed.
They are using external service for that AFAIK. The company itself does not manage the bitcoin purchases.