Avoiding Tariffs With CRYPTOCURRENCY Under a Trump Adminstration
Throughout the majority of his campaign, Donald Trump preached rhetoric largely in favor of protectionist policies that would bring manufacturing labor back to the United States. The largest country which we import goods from is China and the only way to increase the role of domestic laborers would be to put a tariff on these imports. Cryptocurrency would be an effective modem for big industries to avoid such taxes in order to keep such prices constant. Omri Marian highlights the possibility in his paper titled: 'Are Cryptocurrency Supa Tax Havens?' At the moment we are seeing a lack of institutional regulation on the cryptocurrency market, opening a new door for tax evaders to start funneling their capital though such markets. Additionally, if we were to see future polices made in an effort to regulate the cryptocurrency market they would likely start with BitCoin which would be a huge benefit to other forms like STEEMIT :) Leave comments and let me know your thoughts....