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Straight barter undermines tax takes.

The WIR/Bartercard style complementary currencies consist of barter plus bilateral "Peer to Peer" credit, and what they are is actually an accounting system, plus a fiat currency "look alike" pricing reference.

ie as a WIR member you don't exchange goods and services FOR Swiss Francs, you exchange them BY REFERENCE TO Swiss Francs while creating and discharging credit obligations.

And you must account to the tax man from both sets of books.....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Mar 22nd, 2009 at 11:33:26 AM EST
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