Bitcoin For Local Taxation And Utility Bills Suggested By A Member Of The UK Parliament

Wilfred Michael 

Wilfred Michael

Reporter

10 December 2018,
22:49
Bitcoin For Local Taxation And Utility Bills Suggested By A Member Of The UK Parliament

Eddie Hughes, a Conservative Member of the U.K Parliament representing Walsall North, has recently suggested the introduction of Bitcoin as a payment option for taxes and utility bills in the region.

His comments in support of the cryptocurrency were reported by local news agency Express.co.uk and will go down well with crypto enthusiasts who are anxiously looking forward to more mainstream adoption.

As per the report, Eddie made the Bitcoin for taxes recommendation after paying a visit to the Royal National Lifeboat Institution (RNLI). Since the RNLI accepts Bitcoin for donations, the top official thought to himself,

“What’s to stop us [from] being able to pay council tax and other bills with Bitcoin?” the report quotes him.

Well, the answer to his questions were answered by his earlier statement in the same report. Eddie painted himself as a “crypto enthusiast with amateur knowledge” and urged other members of the U.K parliament to pay attention to blockchain and cryptocurrencies. This comment point to the fact that most Parliamentarians may have little knowledge of Bitcoin and co, and for this reason, cannot do much to promote the invention.

Will Eddie Hughes lead to charge? We cannot say for sure, but one thing we know is that the issue has been raised.

 

Following The Ohio Taxation Footprint

It is interesting to point out that if the U.K can pull off a rule that allows the payment of taxes in BTC, then they would only have matched a milestone achieved by the U.S State, Ohio.

We reported late in November that Ohio now accepts Bitcoin for business tax payments through a partnership with BitPay. The State’s tax department also promised to enable the payment option for individual tax filings anytime soon.

Ohio is the first U.S State to achieve such a feat and arguably the first region in the world to announce such support for Bitcoin.

 

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