WONO: STAGE FOR TRADE OR LEASE OF ANY ADVANTAGES AND ADMINISTRATIONS WITHOUT CASH AND TAX ASSESSMENT COSTS.

crystaljonah1 (29)in #taxation • 6 years ago

PREVIEW
The treatment of taxation by tribunals in setting awards can make an important difference to the net proceeds of an award to a claimant and, therefore, whether the principle of full compensation has been met. Most simply, if an award itself is subject to tax and the value of the award has been calculated by reference to profits lost on a post-tax basis, under-compensation of a claimant is likely to arise. In such circumstances, the principle of full compensation might at its most straightforward imply that it would be necessary for the claim to include a gross-up for tax payable on the award.

However, in our experience, the question of tax is often largely and sometimes entirely disregarded by the parties to a dispute. The sources of this neglect are understandable:

damages calculations are often already complex, time-consuming and expensive for the parties to prepare, before consideration of tax issues;
tax is itself a complex area often requiring separate experts if it is to be examined in detail; and
because the amount of taxes that would have been or will be paid in certain scenarios can depend on the performance in the future or hypothetical position of both the legal entity and its corporate group, treatment of tax issues may require an even broader scope for analysis and estimation than that required for other aspects of loss assessment.

WONO is a decentralized P2P (distributed) stage for trading any property and administrations. On account of Ethereum blockchain and the Interplanetary FIle System (IPFS), the stage and network are decentralized, which enables clients to associate without a mediator.

We are building a versatile stage that achieves the accompanying: Builds a scaffold between the universe of digital forms of money and this present reality, giving clients a chance to independent or contract consultants, lease or lease autos and land, trade theater memberships or rec center enrollments, and then some; Creates an on a level plane organized market and redistributes wage from agents straightforwardly to specialist organizations, resource proprietors, and network individuals; Offers another level of arrangement straightforwardness, data openness, and trust among showcase players; Eliminates cash trade charges and worldwide exchange costs, diminishing travel and excursion for work costs; Solves the issue of the sharing economy tax assessment because of the utilization of WONO1 tokens; Introduces new blockchain bargain designs, including bargain chains and manages confided in installments; Strengthens the part of network in framework direction utilizing swarm bargain protection and group bargain arbitrage.

WHAT WONO IS TRYING TO SOLVE

high commissions,
taxation of vendors
non-transparency of ratings and reviews,
currency exchange loss and risk of fraud
deal cancellation.

ROLES WONO USERS CAN USE

vendor (rent something out or perform jobs).
customer (rent something or post a job),
guarantor (stake for successful deal termination)
arbitrator (determine affected party in disputes).

WONO users can earn and spend tokens on one platform which lets them never withdraw tokens and legally avoid any kind of taxation or exchange loss.

As specified over, the whole WONO arrange utilizes the Ethereum blockchain, and aside from data that is significant to the client, all other data is open yet secure. Any benefits that are recorded on the stage should first go through a proof of proprietorship methodology.

One of the main downsides of the WONO convention conceivably is the protection of physical resources e.g. homes or autos that have been leased. WONO framework can safeguard the arrangement, however not the advantages. At the end of the day, they can ensure the arrangement will happen, however they can't secure or ensure that the house or auto leased won't be harmed.

To cover this hazard, WONO will work with outsider insurance agencies to guarantee against this hazard.

The protection accomplices have not been declared yet, but rather in their whitepaper, they have expressed they are working towards getting a 25% markdown for protection administrations, and they will likewise guarantee that there will be insignificant printed material to guarantee consistent issuing of strategies. Watch out for this space.

Another benefit of WONO is it offers information accumulation and depersonalized reports. This is an element that joins Blockchain innovation with AI (Artificial Intelligence) innovation.

Clients can consent to take an interest in a report-creating program. That program will gather their information to be utilized as a part of a depersonalized way (so no distinguishing proof) and the client will be compensated for their interest.

That information will then go into a major pool of depersonalized information where an AI will dissect it, gain from it and make valuable proposals to business including market estimates, inclinations of clients e.g. clients who lease in that specific region have been noted to have an inclination for Japanese culture, so beautifying a property that way may bring about a higher probability for effective arrangements later on and so forth..

WONO APP

The WONO APP is portable on all platforms.