Blockchain links to research and understanding more on potential international tax issues

ATL-Editor 28 May 2018

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More on blockchain and the cryptocurrency – Ethereum

Well to quote Blockgeeks:

Every single operation that takes part in Ethereum, be it a simple transaction, or a smart contract, or even an ICO takes some amount of gas. Gas is what is used to calculate the amount of fees that need to be paid to the network in order to execute an operation.

And gas is paid in ether. So while BTC’s value is purely a community backed medium of exchange/store of value ( i.e. a classic currency), the value of ether is more akin to barrels of oil, bushels of wheat or donkey-sacks of cocaine. And while some people or institutions might accept that as a payment method, that doesn’t make it a currency – its a classic commodity.

Here’s a good link for further reading:

https://blockgeeks.com/guides/ethereum-gas-step-by-step-guide/

Here is more information:

Two places I would suggest you look at are the Consensys Academy, for training on Ethereum, and the Hyperledger foundation.

Many other places (General Academy, Flatiron School, Coursera, etc.) also offer blockchain programs.

Here are some interesting articles:

Blockchain Benefits of Robotic Process Automation in Transfer Pricing

AI an intro before considering tax

A background to tax and E-Commerce:

Digital or Ecommerce extract OECD MTC 2014 Condensed pages 114 – 117

Digital and Ecommerce introductory summary

Digital – International Taxation in the Digital Economy- Challenge Accepted?

Taxing Digital Business models 2018 by Dr Vikram Chand

Blockchain:

2018 Latest Blockchain Trends to Watch Out For in 2018 Hacker Noon

2018 Blockchain 7 ways blockchain will change the legal industry forever _ TechRadar

Blockchain ExecutiveWorkshop

Blockchain Hyperledger vision

2017 Blockchain In Legal, Blockchain Is The New Black _ Above the Law

2017 Blockchain summary

Digital Economy beps-reports-2015-executive-summaries

Digital Economy Taxation in Digital Economy

Digital Economy Taxation Measures Very Concerning to US Vertex Inc

Digital economy—It’s complicated

Categories: Africa, FP News, Nigeria, SADC, South Africa, West Africa, Zambia

Tags: Courses, transfer pricing

ATL-Editor

S.Africa: Summary of the Davis Tax Committee’s BEPS Sub-committee General Report released December 2014

Summary of the Davis Tax Committee’s BEPSBEPS stands for "Base Erosion and Profit Shifting". BEPS refers to tax avoidance strategies used by multinational enterprises (MNEs) to exploit gaps and mismatches in the international tax system. By shifting profits from high-tax jurisdictions to low- or no-tax locations, MNEs reduce their overall tax burden, even if little to no economic activity occurs in the low-tax jurisdictions. These practices erode... Sub-committee General Report released December 2014 by Peter Dachs of ENS Introduction This note provides a summary of

ATL-Editor 26 February 2015

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Cook Islands: FATCA’s impact – this paper applies to many other offshore centres

April/May 2015[1] Impact of FATCA on Cook Islands Entities[2] TABLE OF CONTENTS Background The key differences between FATCA and IGA Models 1 and 2

ATL-Editor 27 April 2015

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Understanding Double Tax Treaties: A Comprehensive Guide

*For clarity, the term Double Tax TreatyA Double Taxation AgreementA Double Taxation Agreement (DTA), also known as a Double Taxation Treaty (or a Tax Treaty), is an international tax treaty between two or more countries that aims to prevent individuals or businesses from being taxed twice on the same income. With globalisation and the increase in cross-border economic activities, DTAs have become essential tools for promoting trade, investment, and... (DTAA Double Taxation Agreement (DTA), also known as a Double Taxation Treaty (or a Tax Treaty), is an international tax treaty between two or more countries that aims to prevent individuals or businesses from being taxed twice on the same income. With globalisation and the increase in cross-border economic activities, DTAs have become essential tools for promoting trade, investment, and...), also known as a Double TaxationDouble Taxation occurs when the same income or financial transaction is taxed twice, typically in different jurisdictions. It can arise in two primary contexts: economic double taxation, where the same income is taxed twice in the hands of different taxpayers, and juridical double taxation, where the same taxpayer is taxed on the same income in more than one country. Double... Treaty (or a Tax TreatyA Double Taxation Agreement (DTA), also known as a Double Taxation Treaty (or a Tax Treaty), is an international tax treaty between two or more countries that aims to prevent individuals or businesses from being taxed twice on the same income. With globalisation and the increase in cross-border economic activities, DTAs have become essential tools for promoting trade, investment, and...), is an international

ATL-Editor 28 August 2024

AFRICA: Sub-Saharan Africa and international arbitration – how does that work?

COMMENT Tax arbitration via new double tax treaties is on the increase. Hence, knowledge of international arbitration is important. Take a look at the following

ATL-Editor 29 August 2014

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Emerging Transfer Pricing Trends in Africa: Insights from Dr. Daniel Erasmus at the 13th Annual Africa TP Summit

In this insightful address at the 13th Annual Africa Transfer PricingTransfer pricing is a fundamental concept in international taxation that defines the pricing methods and rules applied to transactions between related entities within a multinational enterprise (MNE). In the context of tax regulations, it governs how prices for goods, services, or intangibles (such as intellectual property) are set when these items are exchanged between different branches, subsidiaries, or affiliates of... Summit, Dr. Daniel N Erasmus explores the most pressing trends in transfer pricingTransfer pricing is a fundamental concept in international taxation that defines the pricing methods and rules applied to transactions between related entities within a multinational enterprise (MNE). In the context of tax regulations, it governs how prices for goods, services, or intangibles (such as intellectual property) are set when these items are exchanged between different branches, subsidiaries, or affiliates of... across Africa and developing regions.

ATL-Editor 10 October 2024

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