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Diffstat (limited to 'doc/paper/taler.tex')
| -rw-r--r-- | doc/paper/taler.tex | 6 |
1 files changed, 3 insertions, 3 deletions
diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex index e1a120c9a..b462a4d69 100644 --- a/doc/paper/taler.tex +++ b/doc/paper/taler.tex @@ -487,7 +487,7 @@ and another time for refunding the remaining amount without losing anonymity. Unfortunately this approach cannot be used for a general-purpose payment system, since the refund operation of Rupp et al. allows transferring money in a way that hides income from taxation. Refunding a coin into a wallet that -didn't withdraw the coin is possible in their system, but consitutes a +didn't withdraw the coin is possible in their system, but constitutes a transaction between two parties that is not recognized by the system for the purpose of income taxation. @@ -1243,7 +1243,7 @@ certification process. We assume the exchange operates honestly when discussing taxability. We feel this assumption is warranted mostly because a Taler exchange requires licenses to operate as a financial institution, which it -risks loosing if it knowingly facilitates tax evasion. +risks losing if it knowingly facilitates tax evasion. We also expect an auditor monitors the exchange similarly to how government regulators monitor financial institutions. In fact, our auditor software component gives the auditor read access @@ -1772,7 +1772,7 @@ currency. A tax auditor can then request the merchant to reveal (meaningful) details about the business transaction ($\mathcal{D}$, $a$, $p$, $r$), including proof that applicable taxes were paid. -If a merchant is not able to provide theses values, they can be +If a merchant is not able to provide these values, they can be subjected to financial penalties by the state in relation to the amount transferred by the traditional currency transfer. |