Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing
I like the concept of using multi-sig to do legal tax planning.
http://youtu.be/7UEjxH7C95o?t=1h10m15s
Like Amazon, Apple, Google, etc having multi-location tax planning to move cash to the most efficient locations.
One entity or legal partnership spread around the world with multi-jurisdiction rights to apply local tax rules, eg tax havens, giving wallet access to each entity, but with built-in safety features.
That is such a cool and potentially killer feature of crypto. Especially with DRKs anonymity layer on top.
I'll have to do some digging around on the various tax codes and rules to figure out whats what.
http://youtu.be/7UEjxH7C95o?t=1h10m15s
Like Amazon, Apple, Google, etc having multi-location tax planning to move cash to the most efficient locations.
One entity or legal partnership spread around the world with multi-jurisdiction rights to apply local tax rules, eg tax havens, giving wallet access to each entity, but with built-in safety features.
That is such a cool and potentially killer feature of crypto. Especially with DRKs anonymity layer on top.
I'll have to do some digging around on the various tax codes and rules to figure out whats what.
Local Tax Coercer: "Where is all your money?"
Amazon: "Cyberspace."
Local Tax Coercer: "Uh..."
edit for DRK lulz:
Local Tax Coercer: "Where is all your money?"
Amazon: "The Moon."
Local Tax Coercer: "Fuck it I'm calling NASA!"
Sop saying tax and call it for what it is. Theft.
Other than that, carry on.
Actually, I think this can only work with DRK.
If you try to use Bitcoin or Litecoin, the transaction history will generate too much traffic for global tax authorities to track. Everyone would launch their own tax investigations and everyone would claim jurisdiction rights. That would generate too many investigations and costs.
If you use Darkcoin, then you are left with the status quo in terms of admin. You file and report locally as you do now. But you have the benefit of multi-jurisdiction movement of funds to suit your tax planning needs.
Darkcoin suddenly becomes an efficient tax planning tool for those that seek appropriate advice and also for corporations - especially the big ones. They can move $billions in funds at reduced FX costs.