دورية أكاديمية
Unbacked Cryptomoney, Fiscal Evasion and Environment Tax: Some Policy Recommendations in Europe
| العنوان: | Unbacked Cryptomoney, Fiscal Evasion and Environment Tax: Some Policy Recommendations in Europe |
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| المؤلفون: | Camille Boulanguer, Sarah Goldman, Maya Jandah, Tsvetelina Marinova |
| المصدر: | Bulgarian Journal of International Economics and Politics, Vol 4, Iss 1, Pp 3-22 (2024) |
| بيانات النشر: | UNWE Publishing Complex, 2024. |
| سنة النشر: | 2024 |
| المجموعة: | LCC:International relations |
| مصطلحات موضوعية: | cryptomoney, regulation, tax evasion, environmental concerns, International relations, JZ2-6530 |
| الوصف: | In a 2019 New York Times article, Paul Krugman declared himself a “crypto skeptic” and shared his pessimistic predictions for cryptocurrencies. Nevertheless, unbacked cryptomoney is now very important in our societies and has revolutionized the monetary and financial landscape as exemplified by the increased pressure from competent regulators to monitor and regulate it. Cryptocurrencies are described by their high volatility that permits regulators to define them as non-safe financial assets when it comes to energy consumption. The anonymous property of cryptocurrencies opens the door to tax evasion, making it especially susceptible to avoiding environment-related taxes aimed at tackling negative impact of climate change. Against this background, the paper sets a twofold aim: to demonstrate that unbacked cryptomoney is volatile and it may pose a threat to financial and fiscal stability; and to develop the idea that, given their different degrees of anonymity and their decentralisation nature, cryptocurrencies could actively participate in the process of tax evasion and therefore incur high costs for countries. Given the general ecological condition and ensuing concerns, it is clear that avoiding eco-taxes represents a serious issue since money from eco-taxation could have been invested in environmental social and governance projects. Therefore, a clear and compelling legal framework should be implemented worldwide to reduce the tax evasion phenomena via cryptomoney channels. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2815-2751 2815-2875 |
| Relation: | https://doaj.org/toc/2815-2751; https://doaj.org/toc/2815-2875 |
| DOI: | 10.37075/BJIEP.2024.1.01 |
| URL الوصول: | https://doaj.org/article/00b97a52fa634d74b59aa89f403a32cf |
| رقم الأكسشن: | edsdoj.00b97a52fa634d74b59aa89f403a32cf |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 28152751 28152875 |
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| DOI: | 10.37075/BJIEP.2024.1.01 |