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  Citation Number 4
 Views 71
 Downloands 23
IS CRYPTOGRAPHIC CURRENCY AN OUTSTANDING TAX HEAVEN?
2016
Journal:  
İstanbul Hukuk Mecmuası
Author:  
Abstract:

Unlike other virtual currencies, which are usually connected to virtual eco- nomies in computer games, crypto currencies can bring a unique free-of-charge system within themselves. It is estimated that the United States from tax revenue between $ 40 and $ 70 billion per year, due to undeclared income held in tax haven bank accounts. DGH (Internal Revenue Services) 2007 has foreseen the development of open-stream payment systems based on in-game economy, such as Bitcoin, which is not confined to a virtual volume and that functions in the real economy. Using offshore bank accounts, tax evaders may prefer to use Bitcoin for tax evasion, which is essentially taxpayers who are aware of their liability to declare their income and pay taxes.

Keywords:

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İstanbul Hukuk Mecmuası

Field :   Hukuk

Journal Type :   Ulusal

Metrics
Article : 1.772
Cite : 4.803
2023 Impact : 0.113
İstanbul Hukuk Mecmuası