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Report: Banks Should Pay Interest to CBDC to Reduce Tax Avoidance
Summary: A report from Bank of Korea discussed the impact of the central bank's possible launch of the digital currency (CBDC) on tax avoidance. The report pointed out that a mechanism that allows banks to hold digital currencies to increase their holding interest may help encourage full transparency in the use of digital tokens to minimize ...
A report from Bank of Korea discussed the impact of the central bank's possible launch of the digital currency (CBDC) on tax avoidance. The report pointed out that a mechanism that allows banks to hold digital currencies to increase their holding interest may help encourage full transparency in the use of digital tokens to minimize incentives for potential tax evaders.
By Amy Liu
Last Update:
Tags: Bank,CBDC,Tax Avoidance
Link: Report: Banks Should Pay Interest to CBDC to Reduce Tax Avoidance [Copy]
Tags: Bank,CBDC,Tax Avoidance
Link: Report: Banks Should Pay Interest to CBDC to Reduce Tax Avoidance [Copy]
