Taxation and FinTech

Abstract

Abstract This chapter provides an overview of the complex interplay of taxation and Financial Technology (FinTech). International taxation has become substantially more sophisticated with the evolution of the global digital economy. This development includes the creation of virtual and online new services and activities and the construction of new FinTech and distributed ledger technology (DLT) forms of business activity. Recent efforts to address the issues concerned began with the Base Erosion and Profit Shifting Project (BEPS Project) of the Organization for Economic Cooperation and Development (OECD). The chapter explains how domestic and international taxation rules are attempting to manage the complex matters that arise concerning the digitalization of the economy and the continued rise of cryptoassets and cryptocurrencies.