Why this book?
The emergence of crypto assets, particularly virtual currencies, and their implications for taxation puts a bright spotlight on existing tax measures and, perhaps, the need to develop new tax policies. The decentralized nature of crypto assets has given rise to several overarching issues that need to be addressed at a supranational level. Key issues discussed in this publication include those relating to the regulatory and governance framework, the transparency and reporting framework and the emergence of central bank digital currencies. From a national perspective, many jurisdictions have issued specific guidance or created targeted legislation to deal with certain crypto-asset transactions.
However, the way in which these new challenges are addressed varies widely from country to country. The aim of this book is to provide tax authorities, policymakers, courts and practitioners with an overview of tax measures implemented in different jurisdictions. Therefore, the income and capital gains tax implications of crypto-asset origination and extinction events, as well as the implications of using of crypto assets in investment and business transactions, are discussed from both a domestic and international perspective. The treatment of crypto assets in terms of VAT and other taxes, such as inheritance and gift taxes, is also discussed, and each author concludes by offering an outlook on the future of crypto-asset policy in their respective jurisdiction.
This book is part of the WU Institute for Austrian and International Tax Law - Tax Law and Policy Series
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Author(s)
Rosa Maria Rodrigues de Abreu, Christina Allen, Izabela Andrzejewska-Czernek, Maxine Avlichou, Gianluigi Bizioli, Louise Blichfeldt Fjord, Rainer Borns, Emmanuel Eze, Jennifer E. Farrell, Ximena García, Diego Alejandro Hernández Rivera, Stefan Shih-Chou Huang, Felipe Kertesz Renault, Georg Kofler, Borbala Kolozs, Richard Krever, Svetislav Kostic, Yasmin Lawson, Andrés Felipe Lema González, Qiaoyu Li, Xiangdan Luo, Aleksandra Maksimovska Stojkova, Michel Gaston Maus, Elena Neshovska Kjoseva, Nikoleta Nesheva, Mika Nissinen, João Ochôa, Atsushi Onishi, Jeffrey Owens, Ika Riswanti Putranti, Cristóbal Pérez Jarpa, Pepijn Pinkse, Rodrigo Rabeca Domingues, Andrea Laura Riccardi Sacchi, Giacomo Ricotti, Robert Risse, Giorgia Rocco, Kerrie Sadiq, Alessandra Sanelli, Adrian Sawyer, Roberto Scalia, Luís Eduardo Schoueri, Tamir Shanan, Andrew Smith, Giulio Soana, Richard Stern, Ben Symons, Marcelina Szwed-Ziemichód, Suranjali Tandon, Quentin Thouéry des Hivernals, Peter Venvelthoven, Jean-Philippe Van West, Florian S. Zawodsky and Lidija Zivkovic, Emrah Ferhatoğlu, Nick Kitsz, Omri Marian, Shaun Parsons, Ika Riswanti Putranti, Craig West.
Editor(s)
Editors: Georg Kofler, Michael Lang, Pasquale Pistone, Alexander Rust, Josef Schuch, Karoline Spies, Claus Staringer and Rita Szudoczky
Assistant Editors: Valentina Emanuele and Franz Wallig