Taxation and regulation in decentralized exchanges Dashiell C. Shapiro
By: Shapiro, Dashiell
.
Material type: 
ArticlePublisher: 2018Subject(s): OPERACIONES FINANCIERAS | DESCENTRALIZACION | IMPUESTOS | INSPECCION TRIBUTARIAOnline resources: Click here to access online
In:
Journal of Taxation of Investments v. 36, n. 1, Fall 2018, p. 3-13Summary: 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:
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 235/2018/36/1-1 (Browse shelf) | Available | OP 235/2018/36/1-1 |
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:
Click on an image to view it in the image viewer
There are no comments for this item.