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Simon Webber, Managing Director, and Rod Koborsi, Director, in the Transfer Pricing practice at Duff & Phelps, along with Wade Owen, authored an article in Bloomberg Tax titled, “Blockchain and Distributed Ledgers – Another Wave of Challenges to Tax and Transfer Pricing From the Digital Economy”. The blockchain industry may be in its early stages, but this is the time for blockchain businesses to consider some of the tax and transfer pricing issues raised by the technology.
This article provides a flavor of what distributed ledger technologies offer, how they operate, what they might become, and pose some of the ‘‘to be answered’’ questions that they raise for the current tax system.
Read the full article here.