Taxing Stablecoins

From imf.org

pdf Neutrality is widely accepted as a fundamental principle of good tax law design; that is, tax systems should generally strive to be neutral so that economic decisions are not distorted by tax considerations but instead are based on economic merits and other nontax considerations. Although the tax system can be an effective tool to achieve policy goals beyond revenue collection, most jurisdictions have so far based their approach to taxing transactions involving crypto assets on neutrality.1 Crypto assets are defined as private digital assets that depend primarily on cryptography and distributed ledger or ... (full story)