Taxation of virtual currency

Leiden Repository

Taxation of virtual currency

Title: Taxation of virtual currency
Author: Bal, Aleksandra Marta
Publisher: Institute of Tax Law and Economics, Faculty of Law, Leiden University
Issue Date: 2014-12-02
Keywords: Bitcoin
Virtual currency
Income taxation
VAT
Digital economy
Electronic commerce
Abstract: The Information Age has created a new concept of money – virtual currencies existing solely in the cyberspace in the form of intangible computer code. The most prominent virtual currency scheme, Bitcoin, grabbed the public attention as its value skyrocketed at the beginning of 2012. Whereas Bitcoin has many proper ties that could make it an ideal currency for mainstream consumers and merchants, its main drawback is lack of clarity regarding its legal status and tax treatment. The European Central Bank predicts that the use of virtual currencies will increase in the future. Therefore, it is important both tax authorities and taxpayers are prepared to deal with those currencies and to incorporate them into the existing legal framework. This book describes the phenomenon and nature of virtual currencies, and provides a detailed analysis of tax implications that result from trade in, and mining of, virtual currencies. It seeks to answer three questions: (1) how virtual currency should be taxed; (2) how it is actually treated under income and indirect tax laws of selected countries; and (3) how the current situation can be improved.
Description: Promotores: H. Vording, J.P. Boer
With Summary in Dutch
Faculty: Faculteit der Rechtsgeleerdheid
Citation: Bal, A.M., 2014, Doctoral Thesis, Leiden University
Series/Report no.: Meijersreeks;MI-237
ISBN: 9789462036901
Handle: http://hdl.handle.net/1887/29963
 

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application/pdf Title Pages_Contents 96.50Kb View/Open
application/pdf Chapter 1 160.6Kb View/Open
application/pdf Chapter 2 106.5Kb View/Open
application/pdf Chapter 3 202.1Kb View/Open
application/pdf Chapter 4 165.4Kb View/Open
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application/pdf Chapter 8 263.6Kb View/Open
application/pdf Chapter 9 147.0Kb View/Open
application/pdf Summary in English 96.03Kb View/Open
application/pdf Summary in Dutch 96.01Kb View/Open
application/pdf Bibliography_Curriculum Vitae 130.3Kb View/Open
application/pdf Propositions 67.85Kb View/Open

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