Prikkel Petra: Kriptoadó, avagy a XXI. század bányaadója. In: Acta Universitatis Szegediensis : forum : publicationes discipulorum iurisprudentiae, (2). pp. 349-378. (2019)
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Abstract
Why does anyone want to mine in the 21st century? Think about why gold has still a great value to this day? Because it is a rare, precious metal, therefore it is difficult to obtain and quarry. In the 21st century miners search for similar and rare treasure, because its amount is finite and its access is not easy either, because nowadays one can become a good miner in the world of cryptocurrencies by solving algorithms and it requires serious technological background. The phenomenon, which has existed for ten years, raises a number of legal issues nowadays. First I tried to find the right legal qualification. Can something be a currency that has not collateral and issuer? Possibly can it a currency due to its name, even though it is not a currency of any country, or it could be security like dematerialized ones? Since the cryptocurrency functions in practice as money, it generates income, which is subject to tax. In my thesis, I present the practice of current tax rules through examples, referring to the private person, the individual entrepreneurs and the companies. The practice of the current rules shows that the lack of regulation raises a number of problems, included the date when the income is determined and the applicable exchange rate, as there is no authority that would manage the exchange rate of cryptocurrencies. However, in many countries there are regulations in regard to cryptocurrencies, so I thought it would be worth examining and presenting the regulations of Japan, Australia and Switzerland. Furthermore, in order to get to know the directions of domestic regulation, it is important to take notice of international and European Union guidelines. Against this background I explained the concern about the practice of the current tax rules as well as the problems and questions that may arise in designing the future regulations. I hope that domestic legislators will find an answer as soon as possible and they will regulate the treasure to be mined in the 21st century, the cryptocurrency.
| Item Type: | Article |
|---|---|
| Other title: | Cryptotax, or the mining tax of the 21st century |
| Journal or Publication Title: | Acta Universitatis Szegediensis : forum : publicationes discipulorum iurisprudentiae |
| Date: | 2019 |
| Volume: | 2 |
| ISSN: | 2560-2802 |
| Page Range: | pp. 349-378 |
| Related URLs: | http://acta.bibl.u-szeged.hu/70816/ |
| Uncontrolled Keywords: | Pénzügy - virtuális fizetőeszköz, Adójog |
| Additional Information: | Bibliogr. a lábjegyzetekben ; összefoglalás angol nyelven |
| Subjects: | 05. Social sciences 05. Social sciences > 05.02. Economics and business 05. Social sciences > 05.05. Law |
| Date Deposited: | 2020. Dec. 07. 11:10 |
| Last Modified: | 2021. Jan. 18. 15:02 |
| URI: | http://acta.bibl.u-szeged.hu/id/eprint/70871 |
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