Israeli Court Rules Bitcoin is Not a Form of Currency Exempted From Tax FROM TAX
The Israeli District Court in Lod delivered a landmark decision classifying Bitcoin as an asset subject to capital gains tax. The decision was handed down in a dispute between the Israeli tax authority and the founder of a Blockchain-technology transportation startup.
The founder gained over 8 Million Israeli Shekels (nearly $2,500,000) in profits, by selling Bitcoin he had previously purchased. ...
