David Hedqvist – Medium

ECJ Judgement: Skatteverket v David Hedqvist (bitcoin & VAT exemption)

ECJ Judgement: Skatteverket v David Hedqvist (bitcoin & VAT exemption) submitted by lukav1a to Bitcoin [link] [comments]

ECJ Judgement: Skatteverket v David Hedqvist (bitcoin & VAT exemption)

ECJ Judgement: Skatteverket v David Hedqvist (bitcoin & VAT exemption) submitted by BitcoinAllBot to BitcoinAll [link] [comments]

David Hedqvist från bitcoin.se behöver donationer för rättshjälp angående ett EU-domstolsfall om att bitcoin skall vara momsbefriat. Kan få konsekvenser över hela EU

David Hedqvist från bitcoin.se behöver donationer för rättshjälp angående ett EU-domstolsfall om att bitcoin skall vara momsbefriat. Kan få konsekvenser över hela EU submitted by Cocosoft to sweden [link] [comments]

David Hedqvist från bitcoin.se behöver donationer för rättshjälp angående ett EU-domstolsfall om att bitcoin skall vara momsbefriat. Kan få konsekvenser över hela EU

David Hedqvist från bitcoin.se behöver donationer för rättshjälp angående ett EU-domstolsfall om att bitcoin skall vara momsbefriat. Kan få konsekvenser över hela EU submitted by Cocosoft to BitcoinSWE [link] [comments]

"David meets Goliath in the Battle for Bitcoin" — front page of dn.se (DN is Sweden's biggest morning paper). EU verdict on btc VAT later today...

submitted by o-o- to Bitcoin [link] [comments]

To be clear: An unfavorable ruling by the European Court of Justice regarding VAT and Bitcoin would make accepting Bitcoins for merchants in the EU around 20 % more expensive than other payment solutions.

Scenario: Carlos, a customer, buys a pizza from Mark, the merchant, and pays in Bitcoin.
First of all: The question is not, whether VAT applies to the pizza. That will definitely be the case. If I'm buying a laptop in, let's say, Germany for 1190 EUR, then 190 EUR of that (VAT in Germany is 19 %) goes to the tax man, regardless of whether I pay with euros, bitcoins or gold.
The question is, what happens to the bitcoins afterwards. The merchant now has bitcoins and will want to get rid of them at some point. Either to exchange for euros or to buy a product or service. So he is again selling a "product" (this time bitcoin, considered a commodity under current German tax law, as far as my reading of the law goes). If the product is not ruled VAT-exempt, he will have to pay another 19 % (or whatever the rate in his country is) at that point.
That's the issue.
Another question is, whether that also applies, if the merchant uses BitPay. In the worst case, BitPay could be considered as just an agent acting in the name of the merchant (their terms of use suggest something like that), thereby still putting the merchant in a position, where he - from a tax perspective - has briefly owned bitcoins and then sold them again.
In my opinion, this tax question is super critical and needs to be the top discussion right now. The Bitcoin Foundation and other Bitcoin associations (Bundesverband Bitcoin e.V. in Germany) need to closely follow the case C-264/14 Skatteverket v David Hedqvist where the European Court of Justice will decide about just that. And we need to provide resources to bring about a sensible ruling.
See http://www.bitcoin.se/2014/08/21/i-need-your-help-funding-legal-costs-in-a-case-at-the-eu-court-of-justice-related-to-bitcoin-and-vat-exemption/ and consider donating!
Edit: I should have added the disclaimer, that I'm not a lawyer and this is just my personal interpretation, which very well might be wrong. I have however been following this topic for a while, talked to various parties and read some of the laws involved.
Edit 2: Alright, a little intermediate summary of the discussion below: I'm probably mistaken about the details of case C-264/14 as rtuck99 pointed out. It seems that case will only deal with the question of whether bitcoin exchange fees are VAT-exempt. In my opinion my larger point still stands though, that the ECJ will likely decide about VAT on the bitcoins themselves at some point. Compare the UK guidelines on Bitcoin and VAT with this statement by the German Federal Ministry of Finance (in German, alternatively see this press release by Bundesverband Bitcoin e.V. in English). These two guidelines are - in my opinion - incompatible with each other. Something that ultimately the ECJ will have to resolve. Maybe that will not happen as part of case C-264/14 (but it might, as it's somewhat related, so it still seems risky to me, to let David Hedqvist fight that on his own), but it will happen eventually and we need to have our side presented well then.
Edit 3: David Hedqvist commented below that the case might indeed deal with the issue in a broader sense.
submitted by jav_rddt to Bitcoin [link] [comments]

I need your help funding legal costs in a case at the EU Court of Justice related to Bitcoin and VAT exemption!

As some of you may already know there is an ongoing case regarding Bitcoin and VAT exemption in Sweden and the EU. The Supreme Administrative Court (“Högsta förvaltningsdomstolen”) has now requested a preliminary ruling from the EU Court of Justice. The case, C-264/14, can be found here and has been covered quite a lot in media (Bloomberg, Law360, CoinDesk).
I got involved in this simply by asking for an advance ruling in Sweden because I wanted to start selling bitcoin on my site bitcoin.se. It has now escalated and I find myself in a situation where my case will likely decide if and how VAT should be applied to Bitcoin throughout the EU.
It took me a while to realize the significance of this case and I have to appoint a top law firm team here in Sweden that can prepare a written submission (and we’re short on time here - this has to be done in 3 weeks) as well as a potential oral hearing later on. The Swedish counsel will also cooperate with interested parties throughout Europe to get input and support from other European countries if deemed necessary. I am currently discussing with teams at three of Swedens top firms in VAT and EU-law. After asking about the costs I have received fee estimates that range from 22 000 to 38 000 EUR (approximately 56 to 96 bitcoin at the time of writing).
So here is my problem. There is no way that I can finance this personally. I don’t have enough commercial interest in the case to throw all of my savings on it, the business that we wanted to start on bitcoin.se has not been launched so there is no money there. This is why I am now reaching out to the Bitcoin community.
Disclaimer: Donating is in no way a guarantee that we will win the case but if I can’t raise the money the risks are dramatically increased that I will lose since I will have to deal with the court proceedings on my own (which one of the parties I have discussed the case with has described as “catastrophical” for Bitcoin in Europe).
If the donated money is in excess of the costs I will donate the excess funds to Bitcoin organizations in Europe. If, for some reason, none of the funds raised are used I will return all bitcoins to the sender address (so make sure that you donate from an address that you control!)
Please send your donations to this Bitcoin address 1EyosiaYh9gVEP7VKPTyrFGSSoS8QDSsbb
About me My name is David Hedqvist and have been running bitcoin.se since early 2012. I am a moderator of the Scandinavian forum section at bitcointalk.org and I have also been a moderator at bitcoin.stackexchange.com since its launch.
I will post this message on bitcoin.se, on bitcointalk.org where my name is D.H. and on Reddit where my name is D_ H_. If you read about the case on curia.europa.eu or in media you can confirm that the case is about David Hedqvist and bitcoin.se. Feel free to send me a PM or an e-mail to [email protected] if you have any questions.
You may also contact Dr. Thaer Sabri ([email protected]), Chief Executive of Electronic Money Association, to confirm the legitimacy of this fund raiser.
submitted by D_H_ to Bitcoin [link] [comments]

The European top court said in a ruling that puts virtual currencies on a more equal footing with traditional cash.

Value added tax -- a type of sales levy -- needn’t be applied because the business involves “the exchange of different means of payment,” the EU Court of Justice in Luxembourg ruled Thursday. The case was triggered by a dispute in Sweden, where David Hedqvist set up a service for the exchange of mainstream money for bitcoin and vice versa. “Transactions to exchange traditional currencies for units of the bitcoin virtual currency (and vice versa) constitute the supply of services” under the bloc’s law “since they consist of the exchange of different means of payment,” the court ruled. As such they are exempt from value-added taxes, it said. I think that we who are holding VirtaCoins are in a whole new and exciting ballgame. The value of VirtaCoin can only keep going up. What do you think. Please comment.
submitted by Bwealthy2 to VirtaCoin [link] [comments]

No VAT to pay on bitcoin exchange transactions, says top EU court

This is an automatic summary, original reduced by 61%.
Bitcoin exchanges do not have to levy value-added tax on the margins they make when exchanging bitcoins for conventional currencies, the European Union's highest court ruled Thursday.
Would-be bitcoin operator David Hedqvist and the Swedish tax authority, Skatteverket, had asked the administrative court whether Hedqvist would have to charge his clients VAT when exchanging bitcoins for Swedish kronor.
The Swedish court asked the CJEU to rule whether the exchanging of bitcoins for traditional currencies in return for a margin or commission constituted the sale of a service, and if so, whether that service benefited from one of the exceptions in Article 135(1) of the directive.
The exchange of bitcoins cannot be considered the sale of goods, the CJEU said, as bitcoins are not tangible property, having no purpose other than to be a means of payment.
The court said, it was obliged to consider the purpose of the directive, rather than the precise wording of national laws, since the directive's goal was to harmonise the treatment of goods and services for the purposes of VAT across the EU. Bitcoins are to be treated like money itself, because they can be directly exchanged, the court said.
As a result, the CJEU ruled Thursday, bitcoin exchanges based in the EU need not charge VAT on the margins they make or commissions they charge when swapping bitcoin for traditional currencies, making doing business in bitcoin that little bit cheaper.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Bitcoin#1 currency#2 court#3 service#4 whether#5
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submitted by autotldr to autotldr [link] [comments]

Perspective - YouTube This Morning - Bitcoin Revolution Scam Alert!!! Safello - YouTube Crypto Cast Network - YouTube Perspective # 10 - A discussion with David Hedqvist about Bitcoin not being a company

Read writing from David Hedqvist on Medium. Writes about economics, money, computer science, cryptocurrency and related topics. Running bitcoin.se since 2012. Bitcoin.se is an independant site about Bitcoin, cryptocurrency, blockchain technology and economics run by me, David Hedqvist, since 2012. Read more about me and the site on about bitcoin.se . If you need help, first check out the forum where I go under the name D.H. Regarding purchases of Bitcoin on bitcoin.se, contact [email protected] . David Hedqvist Bitcoin.se Göteborg, Sverige 452 kontakter. Gå med för att skapa kontakt. Irrational Software AB. Chalmers University of Technology. Anmäl profilen; Aktivitet. Läs mer om vår magiska lösning för fastighetsmäklare! Gillas av David Hedqvist. David Hedqvist is the founder of Bitcoin.se and has also recently launched a new project called Covid19insweden.com which gives updates on the current situation with COVID-19 in Sweden and the world. The market news mentioned in the show: 💡Hacker drains Dforce of $25M in an attack Bitcoin.se is an independant site about Bitcoin, cryptocurrency, blockchain technology and economics run by me, David Hedqvist, since 2012. Read more about me and the site on the page about bitcoin.se.

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Unsubscribe from Hedqvist ́s Recept? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 21. ... Banking on Bitcoin YouTube Movies. 2017 · Documentary; 1:23:41. A show focused on providing more detail and depth to recently published articles in the bitcoin and crypto space by interviewing their authors one on one. ... A discussion with David Hedqvist ... David Beckham On Instagram Rivalry With Brooklyn - The Graham Norton Show - Duration: 2:25. ... The Bitcoin Code Scam by Steve McKay - Honest Review! - Duration: 4:15. #thismorning #hollywilloughby #scamwarning ***UPDATE*** I've tested this scam with REAL MONEY in this vid: https://youtu.be/Ud9xN1VBTts My Top Choice for ma... A show focused on providing more detail and depth to recently published articles in the bitcoin and crypto space by interviewing their authors one on one. ... A discussion with David Hedqvist ...

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