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Assestment Of Taxation Of Cryptocurrency In Terms Of Fiscal Perspective

Author

Listed:
  • Hamdi Furkan GÃœNAY

    (Gümüşhane University,)

  • Veli KARGI

    (Mersin University,)

Abstract

Cryptocurrency is constantly increasing in popularity at global level. While it provides advantages such as limited government oversight and low transaction cost for the users, it can cause concern for the state and tax administrations. On the basis of this concern is the fact that cryptocurrency can not easily be placed in the legal categories of the country's legislation. From this point on this study; aims to evaluate the idea of taxation of cryptocurrency from the perspective of Turkish Tax System in the light of different country practices. Findings of work; the economic dimension of the crypto money is that it has a significant tax revenue potential. The results of the study show that cryptocurrency carries a significant tax revenue potential due to the economic size it has.

Suggested Citation

  • Hamdi Furkan GÃœNAY & Veli KARGI, 2018. "Assestment Of Taxation Of Cryptocurrency In Terms Of Fiscal Perspective," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 5(3), pages 61-76, July.
    • Handle: RePEc:jle:journl:v:5:y:2018:i:3:p:61-76
    DOI: 10.15637/jlecon.253
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    More about this item

    Keywords

    Cryptocurrency; Bitcoin; Virtual Money; Tax Law;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G2 - Financial Economics - - Financial Institutions and Services
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H29 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other

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