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77 results · page 4 of 4
Isabelle Campoli Cazarim, Kauê Henrique Neto
No abstract is available for this record.
Pedro Carneiro
Bitcoin, created in 2008, is the first successful cryptocurrency. Bitcoin involves an industry, in which, in addition to users, we have: a group of developers; miners; wallet providers; mixer providers; stock exchanges; and crypto banks. There are already countries whose tax policies accept bitcoins. This article is about this last aspect. The article will initially seek to define Bitcoin and its industry, which are sources of much controversy. It will then discuss whether it is advantageous for the Brazilian taxpayer to honor its fiscal commitments with bitcoins, and under what circumstances would it be advantageous for public management to deal with bitcoins in its fiscal policy. In Brazil, the city of Rio de Janeiro plans to accept bitcoins in payment of taxes in 2023 and Brazil is preparing to improve its institutional framework for dealing with cryptocurrencies through Law 14,478/2022.
L. C. GUIESELER, M. G. CARVALHO
In view of the new technologies and the creation of digital currencies that appear as a new paradigm and constitute an independent and fast alternative to supply financial transactions, as well as their growing use, it is necessary to create new mechanisms effective in order for the public authorities to inspect and tax these movements. A challenge is presented here in the face of the social paradigm arising from the individual search for less costly and more effective means, which allow greater autonomy in the management of financial resources. Keywords: Cryptocurrency-Bitcoins - Blockchain – Regulation
Ірина Володимирівна Антошина, I. В. Антошина, Ирина Владимировна Антошина, Iryna V. Antoshyna · 13 authors
The development of digital technologies is forcing lawyers to analyze phenomena that have recently looked fantastic. This means that a phenomenon like smart contracts has ceased to be a theoretical idea of improving commodity monetary transactions and now needs a legal justification. In this article, we have analyzed smart contracts in terms of their belonging to digital technologies and the legal field, that is, how they can be equated with legal agreements, if they are their analogues, what application can it find given the legislation in the field of civil (contractual) law. The purpose of our study was to establish a link between smart contacts and their legal regulation, with the feature of smart contract implementation perspectives. The methodology used are systemic and formal-legal methods, as well as methods of analysis and synthesis. The results found highlight that a smart contract is a computer code that is entered into a blockchain network to execute a transaction, the usual expression of which is an agreement between the parties. From a legal point of view, smart contracts are only a part of ordinary agreements (contracts) under the practice of international and national law.
Jeffrey Owens, Julia de Jong
Rapidly changing digital landscape and emergence of disruptive technologies produces opportunities and challenges for private as well as public sector. New advances such as Blockchain, which is a distributed disintermediated platform that enables trade in value between non-trusted parties peer-to-peer, to markets and sectors of economy, which rely on trusted third parties. Looking beyond this issue into a nature of the technology that comprises blockchain, i.e. distributed ledgers and smart contracts, and the benefits of blockchain become apparent. The system operates an open, transparent, shared ledger of immutable transactions. The ledger is permanent and tamper-proof. Public and tax administration can benefit from the transparency and immutability, as it should increase compliance, accountability and the reduction of the opportunities for fraud. Smart contracts are essentially pieces of the self-executing code, which enable real-time automatic compliance, thus massively reducing the transaction costs and fraud. <br/>The article considers how blockchain technology is compatible with such taxes as VAT, payroll and transfer pricing; considers the necessary prerequisites of the supporting governance infrastructure and summarizes country initiatives.