The emergence of virtual currencies has posed several tax questions. There must be a clear understanding of what virtual currency is for tax purposes. Is it property, currency, a service or something else? When do virtual currency transactions give rise to income? Since virtual currency can be cloned, how do we tax the clones? This article will attempt to answer these questions.
"Exploring Virtual Currencies: How Do You Tax the Clones in the Clouds?,"
North East Journal of Legal Studies: Vol. 41
, Article 2.
Available at: https://digitalcommons.fairfield.edu/nealsb/vol41/iss1/2