prikaz prve stranice dokumenta Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?
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Scientific paper - Original scientific paper
Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?
EC Tax Review, 31 (2022), 1; 16-29. urn:nbn:hr:118:804292
Jozipović, Šime; Perkušić, Marko; Gadžo, Stjepan

Institutional repository: Repository of the University of Rijeka, Faculty of Law

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Jozipović, Š., Perkušić, M. & Gadžo, S. (2022). Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?. EC Tax Review, 31. (1), 16-29. Retrieved from https://urn.nsk.hr/urn:nbn:hr:118:804292

Jozipović, Šime, et al. "Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?." EC Tax Review, vol. 31, no. 1, 2022, pp. 16-29. https://urn.nsk.hr/urn:nbn:hr:118:804292

Jozipović, Šime, Marko Perkušić and Stjepan Gadžo. "Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?." EC Tax Review 31, no. 1 (2022): 16-29. https://urn.nsk.hr/urn:nbn:hr:118:804292

Jozipović, Š., Perkušić, M. and Gadžo, S. (2022) 'Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?', EC Tax Review, 31(1), pp. 16-29. Available at: https://urn.nsk.hr/urn:nbn:hr:118:804292 (Accessed 26 December 2024)

Jozipović Š, Perkušić M, Gadžo S. Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?. EC Tax Review [Internet]. 2022 [cited 2024 December 26];31(1):16-29. Available at: https://urn.nsk.hr/urn:nbn:hr:118:804292

Š. Jozipović, M. Perkušić and S. Gadžo, "Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?", EC Tax Review, vol. 31, no. 1, pp. 16-29, 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:118:804292. [Accessed: 26 December 2024]

Metadata
Title (english)Tax Compliance in the Era of Cryptocurrencies and CBDCs: The End of the Right to Privacy or No Reason for Concern?
AuthorŠime Jozipović
AuthorMarko Perkušić
AuthorStjepan Gadžo
Author's institutionUniversity of Rijeka
FACULTY OF LAW
(Chair of Financial Law)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Law
Abstract (english)
The new European regulatory framework for crypto- assets contains strict reporting requirements for EU-based crypto service providers, which will give tax authorities and law enforcement agencies better insights into a significant segment of the cryptoasset space. The article first outlines how this will inevitably lead to the creation of a parallel crypto-asset market focused on offline wallets and peer-to-peer services outside the supervision of EU and national tax authorities. The article then highlights the important role that the so-called Central Bank Digital Currencies (CBDCs) will play in this environment. The differences between CBDCs and crypto-assets are examined from a tax assessment perspective in order to show that true anonymity is considerably less of an issue with (price stable) CBDCs than with (volatile) crypto- assets. The authors argue that a truly anonymous digital euro wallet for small transactions on the consumer side could not only allow the effective monitoring of businesses, but would actually increase tax compliance. If consumers have access to an anonymous cash- equivalent digital means of payment, they will be less likely to use cash or virtual currency. This in turn will cause a significant increase in available transaction data, while simultaneously granting a much better protection of taxpayers’ rights to privacy in the EU.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEC Tax Review
Numberingvol. 31, no. 1, pp. 16-29
p-ISSN0928-2750
URN:NBNurn:nbn:hr:118:804292
Publication2022
Document URLhttp://bib.irb.hr/1176497
Type of resourceText
Access conditionsClosed access
Terms of useLicence In copyright icon
Created on2022-12-13 09:48:47