What are ICO's dealing with legal and tax?

[Joshua Andrej Brilly]

What are ICO's that are trying to solve legal and Tax issues? Thank you

[Nakamurapc]

Bos, viu, eql...

[MoonJeina]

Don't know much about it .
If the country is legalized ICOs then there might be some taxes imposed on it due to the "regulations" by the governments . 
Countries like Singapore and Japan imposes taxes on the ICOs . So it is obvious that if the Ico belongs to those countries are dealing with taxes .
Other then that if the country's status is unknown about the legality of ICOs , then there are no taxes imposed on it . There might be no permissions prior to them as well.

[Mhd-Bobbi]

Don't know much about it .
If the country is legalized ICOs then there might be some taxes imposed on it due to the "regulations" by the governments . 
Countries like Singapore and Japan imposes taxes on the ICOs . So it is obvious that if the Ico belongs to those countries are dealing with taxes .
Other then that if the country's status is unknown about the legality of ICOs , then there are no taxes imposed on it . There might be no permissions prior to them as well.

There is no tax for ICO. But because you say that Singapore and Japan impose an ICO tax. yes that might happen, because there are some countries that have submitted tax applications.

[avikz]

Don't know much about it .
If the country is legalized ICOs then there might be some taxes imposed on it due to the "regulations" by the governments . 
Countries like Singapore and Japan imposes taxes on the ICOs . So it is obvious that if the Ico belongs to those countries are dealing with taxes .
Other then that if the country's status is unknown about the legality of ICOs , then there are no taxes imposed on it . There might be no permissions prior to them as well.

That was not the question that op asked!!

Bos, viu, eql...

None of these ICOs or tokens are solving tax and legal issues. At least none that I know.

Bos - financial services blockchain
Viu - video sharing platform
Eql - ecommerce payment solution

Legal and tax related matters are so complicated, it is hard to standardized through any technology. It is because the interpretation of a tax or legal term can be different based on the situations. I don't think any start up has tried or even interested to solve this kind of issues yet.

[Gozie51]

Legal and tax related matters are so complicated, it is hard to standardized through any technology. It is because the interpretation of a tax or legal term can be different based on the situations. I don't think any start up has tried or even interested to solve this kind of issues yet.

This is the case when there is no legal framework. For a law to be in place, the guide must be there and for cryptocurrency, the whole emergence is yet to be backed up legally. So whatever law or regulation, because it is not inscribed in the constitution might not see the light of the day especially because the court won't be able to lay reference to the constitution.

[Tapyaks72]

Legal and tax related matters are so complicated, it is hard to standardized through any technology. It is because the interpretation of a tax or legal term can be different based on the situations. I don't think any start up has tried or even interested to solve this kind of issues yet.

This is the case when there is no legal framework. For a law to be in place, the guide must be there and for cryptocurrency, the whole emergence is yet to be backed up legally. So whatever law or regulation, because it is not inscribed in the constitution might not see the light of the day especially because the court won't be able to lay reference to the constitution.

If I were to ask a ICO’s should be legalized in the reason that they soliciting and the seems like a black market and they earn out of it, and besides also there are lots who are just scamming. maybe if regulated it will minimize such unscrupulous activities.

[avikz]

Legal and tax related matters are so complicated, it is hard to standardized through any technology. It is because the interpretation of a tax or legal term can be different based on the situations. I don't think any start up has tried or even interested to solve this kind of issues yet.

This is the case when there is no legal framework. For a law to be in place, the guide must be there and for cryptocurrency, the whole emergence is yet to be backed up legally. So whatever law or regulation, because it is not inscribed in the constitution might not see the light of the day especially because the court won't be able to lay reference to the constitution.

If a governemnt try to bring in a new legislation relate to cryptos, they definitely have the guides and roadmaps available, but the wish has to be there! We already have Japan, Germany and Malta legalized the cryptos and issed necessary legal framework for their citizens, so guide is there!

But the question here is related to ICOs, whether a start up company will be interested in solving such complicated issue without much viability for business?? I belive no! Once a country lay the foundation for crypto legislation, then we can see some startups forming ti solve the tax related matter for their citizens and these startups may not float an ICO.

I really am not aware of any ICO that are solving legal and tax related issue. Please let us know if you know some ICOs working on the same field.

[SmartCams]

And what kind of taxes on ISO in Singapore? Profit tax?

[Theb]

There is no tax for ICO. But because you say that Singapore and Japan impose an ICO tax. yes that might happen, because there are some countries that have submitted tax applications.

"ICO tax" is there such a thing? Even if there is no tax called "ICO tax" their developers need to pay other kinds of taxes. Mainly because they have earned something from the selling of their ICO. Nothing is left untouched by the taxes system as if there is one they will always find a legal loophole with the system that is why taxes are so vague that it covers all kinds of ways on how a individual or entity is earning money. Just imagine how the world will be if they see a legal way on being exempted with tax if that happens no one will be paying their taxes.