The Resource By the same token : Swiss tax questions in the context of initial coin offerings

By the same token : Swiss tax questions in the context of initial coin offerings

Label
By the same token : Swiss tax questions in the context of initial coin offerings
Title
By the same token : Swiss tax questions in the context of initial coin offerings
Creator
Subject
Language
eng
Summary
Switzerland is a main player in the globally discussed blockchain and cryptocurrency space. It has continued to host some of the largest coin or token offerings over the past years and is leading the cryptocurrency market, along with the United States. The pioneering role of the canton of Zug (also known as "Crypto Valley"), the practical regulatory framework and openness of the regulator and the support of the economic minister of the Swiss government to create a "Crypto Nation Switzerland" are some of the reasons that have contributed to the Swiss role in the cryptocurrency space. The application possibilities of the blockchain technology by no means end with cryptocurrencies. Particularly interesting are newly created funding types, such as the Initial Coin Offering (ICO), also referred to as a Token Generating Event (TGE) or Initial Token Offering (ITO). An ICO is a digital form of public capital procurement via the distributed ledger or blockchain technology. Generally, an ICO can be associated with the term "crowd funding". In contrast to an Initial Public Offering (IPO), however, an ICO does not take place via a traditional stock exchange platform. In this article, the authors elaborate on the general aspects of the Swiss regulatory, legal and accounting treatment of digital tokens (section 2.) which forms the basis for the Swiss tax treatment (section 3.)
Citation source
In: Derivatives and financial instruments. - Amsterdam. - Vol. 20 (2018), no. 3 ; 10 p
http://library.link/vocab/creatorName
  • Huber, M.F
  • Guler, S
  • Dumont, J
Geographic coverage
Europe
Language note
English
http://library.link/vocab/subjectName
  • digital economy
  • virtual currency
  • blockchain
  • crowdfunding
  • corporate income tax
  • individual income tax
  • net worth tax
  • withholding tax
  • capital duty
Label
By the same token : Swiss tax questions in the context of initial coin offerings
Instantiates
Publication
Label
By the same token : Swiss tax questions in the context of initial coin offerings
Publication

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