Shapiro, Dashiell
Taxation and regulation in decentralized exchanges / Dashiell C. Shapiro .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
This article examines current regulatory models, which tend to
apply enforcement at the level of “custody” and “control” over
fi nancial transactions. However, with the rise of decentralized
exchanges, the author asks what might happen to these models
if fi nancial transactions take place without custodians. Using
the example of the IRS’s defi nition of “withholding agent,” he
examines arguments the IRS might use to require withholding on
decentralized exchanges. In response to the rise of decentralized
exchanges, the IRS and other agencies could update their regulatory
approaches and apply enforcement at the level of “profi t”
rather than control, using the Controlled Substances Act as a
model. However, such an approach might stifl e decentralized
exchange technology in its infancy.
Introduction:
OPERACIONES FINANCIERAS
DESCENTRALIZACION
IMPUESTOS
INSPECCION TRIBUTARIA
Journal of Taxation of Investments 0747-9115 v. 36, n. 1, Fall 2018, p. 3-13
Taxation and regulation in decentralized exchanges / Dashiell C. Shapiro .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
This article examines current regulatory models, which tend to
apply enforcement at the level of “custody” and “control” over
fi nancial transactions. However, with the rise of decentralized
exchanges, the author asks what might happen to these models
if fi nancial transactions take place without custodians. Using
the example of the IRS’s defi nition of “withholding agent,” he
examines arguments the IRS might use to require withholding on
decentralized exchanges. In response to the rise of decentralized
exchanges, the IRS and other agencies could update their regulatory
approaches and apply enforcement at the level of “profi t”
rather than control, using the Controlled Substances Act as a
model. However, such an approach might stifl e decentralized
exchange technology in its infancy.
Introduction:
OPERACIONES FINANCIERAS
DESCENTRALIZACION
IMPUESTOS
INSPECCION TRIBUTARIA
Journal of Taxation of Investments 0747-9115 v. 36, n. 1, Fall 2018, p. 3-13