The Resource Tax arbitrage in ICOs - a European perspective

Tax arbitrage in ICOs - a European perspective

Label
Tax arbitrage in ICOs - a European perspective
Title
Tax arbitrage in ICOs - a European perspective
Creator
Subject
Language
eng
Summary
Digital tokens issued in the nascent genre of fundraising transactions collectively termed initial coin offerings (ICOs) are generating a degree of tax arbitrage driven by putative independent monetary base qualities. The characteristics of such digital tokens were analysed by reference to those of currency and money in legal tender, and additionally analytically compared to crowdfunding initiatives, thereby identifying three key categories, namely payment, utility and financial asset-tokens. These were then assessed in the light of European Union direct and indirect tax principles, taking into consideration approaches by third countries, ancillary jurisprudence, as well as financial regulatory considerations applicable to issuers and investors. Drawing on the foregoing assessment, a methodology for token taxation was developed proposing an approach to address volatility in calculating the tax base reference rate for virtual currencies, a sample token taxation test for VAT and a proposal for a cohesive global taxation system for digital tokens
http://library.link/vocab/creatorName
Pisani, W
Geographic coverage
  • Europe
  • European Union
Index
no index present
Language note
English
Literary form
non fiction
http://library.link/vocab/subjectName
  • initial coin offerings
  • virtual currency
  • tax base
  • tax arbitrage
  • VAT
  • direct tax
  • third countries (EU)
  • case law
  • crowdfunding
Label
Tax arbitrage in ICOs - a European perspective
Instantiates
Publication
Extent
102 p.
Label
Tax arbitrage in ICOs - a European perspective
Publication
Extent
102 p.

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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