The cryptocurrencies that are an integrated part of the blockchains have led to the creation of enormous value and wealth that attract increasing attention from investors and governments. The sophistication and anonymity of crypto-assets create significant challenges for tax administrations. The current tax rules and guidelines in relation to crypto-assets are either too broad or too complicated. This seminar proposes a simplified tax regime that would significantly reduce compliance and administration costs when taxing cryptocurrency. In this simplified tax regime for taxing cryptocurrencies, the first taxable event occurs at the moment when crypto-assets are converted to fiat currency or other real-world goods or services.

This seminar is jointly co-organized by the CCTL Tax Law and Policy Forum and International Fiscal Association – HK Branch.

About the Speaker:

Prof. Jingyi Wang is an Assistant Professor at the Faculty of Law, the Chinese University of Hong Kong (CUHK). Jingyi’s research interests include tax law, fiscal policy, corporate governance and social-legal studies. Her recent work examines tax law reform in China, the taxation of cryptocurrencies, Hong Kong tax policies and law enforcement in China. Her scholarly works have appeared or are forthcoming in prominent academic journals such as Florida Tax Review, British Tax Review, Australia Tax Forum, Journal of Corporate Legal Studies, Journal of International Economic Law, Singapore Journal of Legal Studies, China Quarterly, British Journal of Criminology, Journal of Criminology, Hong Kong Law Journal and Asia Pacific Law Review.

Moderator:

Prof. Noam Noked, Associate Professor, CUHK LAW.