Taxing Stablecoins

Author : Mr. Christophe J Waerzeggers
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.26/5 ( download)

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Download or read book Taxing Stablecoins written by Mr. Christophe J Waerzeggers and published by International Monetary Fund. This book was released on 2023-05-25 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Fintech Note specifically considers the challenges that tax law systems face to achieve neutrality in taxing transactions in one specific type of crypto asset: stablecoins. Stablecoins are a category of crypto assets that aim to maintain a stable value relative to a specified asset or to a pool of assets, such as sovereign currencies. In this way, they are designed to address the problem of volatility in the prices of crypto assets; price volatility generally makes these assets poor candidates to be a store of value and is one of the main impediments against their more widespread adoption as a means of payment. The prospect of a more widespread adoption of stablecoins warrants a closer look at their tax treatment and associated challenges.

Author : Katherine Baer
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.86/5 ( download)

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Download or read book Taxing Cryptocurrencies written by Katherine Baer and published by International Monetary Fund. This book was released on 2023-07-05 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers are struggling to accommodate cryptocurrencies within tax systems not designed to handle them; this paper reviews the issues that arise. The greatest challenges are for implementation: crypto's quasi-anonymity is an inherent obstacle to third-party reporting. Design problems arise from cryptocurrencies' dual nature as investment assets and means of payment: more straightforward is a compelling case for corrective taxation of carbon-intensive mining. Ownership is highly concentrated at the top, but many crypto investors have only moderate incomes. The capital gains tax revenue at stake worldwide may be in the tens of billions of dollars, but the more profound risks may ultimately be for VAT/sales taxes.

Author : United States. Internal Revenue Service
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.80/5 ( download)

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Download or read book Basis of Assets written by United States. Internal Revenue Service and published by . This book was released on with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Annika Streicher
Publisher : Linde Verlag GmbH
ISBN 13 : 3709413001
Total Pages : 533 pages
Book Rating : 4.05/5 ( download)

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Download or read book Tax and Technology written by Annika Streicher and published by Linde Verlag GmbH. This book was released on 2023-10-13 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges and opportunities of new technologies in the tax field Technological developments induced major reforms in the regulatory international and domestic tax landscapes as well as in the developments in the use of technology by tax administrations and taxpayers. New technology, especially the innovations in virtual asset-light cross-border business organizations, data analytics, service and process automation, on one hand, disrupted the well-established legal tax principles and rules and, on the other, stimulated informed data-driven and structured solutions in tax compliance. Technological advances affected nearly every area and each aspect of taxation: Direct tax regulations, indirect tax law, and tax procedures including tax compliance, and tax control functions. International organizations such as the Organization for Economic Co-operation and Development (OECD), the United Nations (UN), and the European Commission as a supranational organization fostered critical legislative reforms and proposals among which are the OECD Two-Pillar Solution to Address the Tax Challenges Arising from Digitalisation of the Economy, Article 12B of the UN Model Tax Convention to tax automated digital services, new rules for tracing transfers of crypto-assets in the EU, as well as the EU ́s VAT e-commerce package and "VAT in the Digital Age" package. While these proposals aim to address a wide range of the benefits and challenges of Economy 4.0, certain questions arise concerning the consistency of the legislative developments with their initial objectives, the appropriateness of the legal form for the economic substance of the regulated relations for the effectiveness of the regulations as well as their coherence. This volume contains a collection of scientific chapters on the general topic "Tax and Technology" that were successfully completed by the 2022/2023 LL.M. graduates of the Institute for Austrian and International Tax Law, WU. The volume is divided into three parts that contain the contributions dealing with the impact of the technology on international tax law, indirect tax law, and procedural law. Each chapter provides an in-depth analysis of a unique research question aiming to innovatively contribute to the current debate and develop a practical approach for implementing the findings.

Author : Niklas Schmidt
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403523514
Total Pages : 677 pages
Book Rating : 4.14/5 ( download)

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Download or read book Taxation of Crypto Assets written by Niklas Schmidt and published by Kluwer Law International B.V.. This book was released on 2020-11-27 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of crypto assets has required taxation authorities worldwide to develop unprecedented policies and compelled tax lawyers to apply existing laws in new ways. This book – the only one to focus solely on the taxation of crypto assets – provides a detailed country-by-country analysis of how the tax law of thirty-nine countries may apply to this rapidly developing area, including different use cases and compliance and documentation requirements. Following an overview of the technology and key characteristics of crypto assets, as well as the key tax concepts and types of taxes that could apply to them, leading practitioners in each particular jurisdiction summarize the relevant tax law in that country. Fully explained are such aspects of crypto assets as the following and how they are interrelated: sales; exchanges; receipt as remuneration; forks; airdrops; mining; staking; initial coin offerings; security token offerings; and initial exchange offerings. Contributors describe how each jurisdiction applies income and capital gains taxation, value-added tax and sales tax, withholding taxes, transfer taxes, and gift, inheritance, estate and wealth taxes in the context of crypto assets. Reporting requirements and enforcement are also covered. Tax law, as it applies to crypto assets, is new and continues to evolve. This book will be welcomed as the premier resource for tax practitioners, government officials, advisors, investors, issuers, users of crypto assets, and taxation academics who are seeking informed awareness of the policy choices countries make in dealing with the taxation of this new technology. Tax lawyers dealing with crypto assets will have comprehensive practical guidance on how to comply with the tax laws of multiple jurisdictions.

Author : Nader Naifar
Publisher : Springer Nature
ISBN 13 : 3031290313
Total Pages : 304 pages
Book Rating : 4.12/5 ( download)

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Download or read book Green Finance Instruments, FinTech, and Investment Strategies written by Nader Naifar and published by Springer Nature. This book was released on 2023-06-24 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the COVID 19 post-pandemic era, sustainable financial systems are increasingly getting the attention they deserve, and policymakers are now moving toward investment and financing decisions based on sustainable development. Green finance plays an important role in mobilizing financial resources and hedging against environmental risk to achieve financially sustainable systems. Moreover, green financial instruments offer viable alternatives for investors and regulators with regard to portfolio management and risk minimization. Over the last few years, financial technology (FinTech) has grown to become one of the most topical areas in the global financial services industry. The development of distributed ledger technology, big data, smart contracts, peer-to-peer lending platforms, biometrics, and new digital has sparked innovation in the financial services industry and the development of new financing and investment strategies. The combination of sustainability and FinTech can help policymakers to achieve ESG targets when making investment and financing decisions. This book showcases a collection of recent advances in green finance and FinTech and explores their impact in achieving sustainable finance, investment strategy-making, and portfolio management. Presenting theoretical frameworks and the latest empirical studies in the field of green finance and FinTech, it offers a valuable asset for academics, professionals, policymakers, regulators, and investors who want to understand in-depth the impact of green finance and FinTech on future investment and financing strategies in the post-pandemic era.

Author : Peter Harris
Publisher : Bloomsbury Publishing
ISBN 13 : 1509963278
Total Pages : 529 pages
Book Rating : 4.70/5 ( download)

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Download or read book Studies in the History of Tax Law, Volume 11 written by Peter Harris and published by Bloomsbury Publishing. This book was released on 2023-09-21 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a continuation of the prestigious series which is drawn from the papers of the biennial Cambridge Tax Law History Conference. The authors are a mix of academics and senior tax professionals from the judiciary and practice with representatives from 9 countries. The series continues to investigate current tax policy debates in an historical context. The papers fall within 3 basic categories: 1. UK and Irish tax, looking at a variety of topics such as tax administration, cases and judges (Whitney, Singer, Viscount Radcliffe), the taxation of royal forests, the taxation of spirits, and income tax transition in the Irish Free State; 2. International taxation, with chapters on the role of international organisations (OECD, League of Nations) and on South Africa's early attempts to address double taxation (tax treaties); and 3. Non-UK tax systems, including chapters on the legacy of colonial influence (Dutch East Indies), early developments in China, New Zealand, and the USA, an influential Canadian report (Carter Commission), development of the GAAR in Scandanavia, and the receipt of Roman tax law in Europe.

Author : Thomas Puschmann
Publisher : Springer Nature
ISBN 13 : 303155700X
Total Pages : 193 pages
Book Rating : 4.02/5 ( download)

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Download or read book Financial System 2030 written by Thomas Puschmann and published by Springer Nature. This book was released on with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Tobias Adrian
Publisher : International Monetary Fund
ISBN 13 : 1498324908
Total Pages : 20 pages
Book Rating : 4.08/5 ( download)

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Download or read book The Rise of Digital Money written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2019-07-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

Author : Devendra Kumar Sharma
Publisher : Springer Nature
ISBN 13 : 9819995620
Total Pages : 813 pages
Book Rating : 4.22/5 ( download)

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Download or read book Micro-Electronics and Telecommunication Engineering written by Devendra Kumar Sharma and published by Springer Nature. This book was released on 2024 with total page 813 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zusammenfassung: The book presents high-quality papers from the Seventh International Conference on Microelectronics and Telecommunication Engineering (ICMETE 2023). It discusses the latest technological trends and advances in major research areas such as microelectronics, wireless communications, optical communication, signal processing, image processing, Big Data, cloud computing, artificial intelligence, and sensor network applications. This book includes the contributions of national/international scientists, researchers, and engineers from both academia and the industry. The contents of this book will be useful to researchers, professionals, and students alike