SYSTEM AND METHOD FOR EXECUTING AN INCOMING TRANSACTION IN RESPONSE TO A TRANSACTION LOCATION PARAMETER ASSOCIATED WITH A PLURALITY OF TAX TREATMENT VALUES

Abstract

Systems and methods for executing an incoming transaction in response to a transaction location parameter associated with a plurality of tax treatment values are disclosed. An example system may include a smart wrapper to interpret a transaction request from a user, including a transaction amount value and a cryptocurrency type or a transaction location. The transaction location may be a geographic location, or a transaction jurisdiction. A transaction locator circuit may determine a transaction location parameter in response to the transaction request and, a plurality of tax treatment values corresponding to a plurality of transaction locations and select an available one of the plurality of transaction locations having a favorable tax treatment value. The smart wrapper may also direct an execution of the incoming transaction in response to the transaction location parameter.

Claims

1. A transaction-enabling system comprising: a controller, comprising: a smart wrapper structured to interpret a transaction request value from a user, wherein the transaction request value comprises a transaction description for an incoming transaction, and wherein the transaction description comprises a transaction amount value and at least one of a cryptocurrency type value and a transaction location value; a transaction locator circuit structured to determine a transaction location parameter in response to the transaction request value and further in response to a plurality of tax treatment values corresponding to a plurality of transaction locations, wherein the transaction location parameter comprises at least one of a transaction geographic value or a transaction jurisdiction value; wherein the smart wrapper is further structured to direct an execution of the incoming transaction in response to the transaction location parameter; and wherein the transaction locator circuit is further structured to select an available one of the plurality of transaction locations having a favorable tax treatment value.

2. The system of claim 1, wherein the transaction location value comprises at least one location value corresponding to: a location of a purchaser of the transaction; a location of a seller of the transaction; a location of a delivery of a product or service of the transaction; a location of a supplier of a product or service of the transaction; a residence location of one of the purchaser, the seller, or the supplier of the transaction; and a legally available location for the transaction.

3. The system of claim 1, wherein the smart wrapper is further structured to enable transactions having a self-executing cryptocurrency coin that commits a transaction upon recognizing the transaction location parameter.

4. The system of claim 1, wherein the favorable tax treatment value is based at least in part on at least one of tax laws or tax incentives in available jurisdictions according to a type of the incoming transaction.

5. The system of claim 1, wherein the favorable tax treatment value is based at least in part on tax characteristics of a transacting party.

6. The system of claim 1, wherein the incoming transaction comprises a cryptocurrency transaction, the system further comprising an expert system that uses machine learning to optimize the execution of the cryptocurrency transaction based on real time price information.

7. The system of claim 6, wherein the expert system is further configured to determine the favorable tax treatment value based on a forward price in a market.

8. The system of claim 1, wherein the transaction locator circuit is further structured to provide the transaction location parameter in response to determining that the favorable tax treatment value of the incoming transaction meets a threshold tax treatment value.

9. The system of claim 6, wherein the expert system is further configured to use the machine learning to continuously improve the determination of the transaction location parameter relative to a transaction speed for the cryptocurrency transaction.

10. The system of claim 6, wherein the expert system is further configured to use the machine learning to continuously improve the determination of the transaction location parameter relative to a favorability of contractual terms related to the cryptocurrency transaction.

11. A method, comprising: interpreting a transaction request value from a user, wherein the transaction request value comprises a transaction description for an incoming transaction, and wherein the transaction description comprises a transaction amount value and at least one of a cryptocurrency type value and a transaction location value; determining a transaction location parameter in response to the transaction request value and further in response to a plurality of tax treatment values corresponding to a plurality of transaction locations, wherein the transaction location parameter comprises at least one of a transaction geographic value or a transaction jurisdiction value; directing an execution of the incoming transaction in response to the location parameter; and selecting an available one of the plurality of transaction locations having a favorable tax treatment value.

12. The method of claim 11, wherein determining the transaction location parameter comprises selecting the transaction location value from a list of locations consisting of: a location of a purchaser of the transaction; a location of a seller of the transaction; a location of a delivery of a product or service of the transaction; a location of a supplier of a product or service of the transaction; a residence location of one of the purchaser, seller, or supplier of the transaction; and a legally available location for the transaction.

13. The method of claim 11, further comprising executing transactions having a self-executing cryptocurrency coin that commits a transaction upon recognizing the transaction location parameter.

14. The method of claim 11, wherein the favorable tax treatment value is based at least in part on at least one of tax laws or tax incentives in available jurisdictions according to a type of transaction.

15. The method of claim 11, wherein the favorable tax treatment value is based at least in part on tax characteristics of a transacting party.

16. The method of claim 11, wherein the incoming transaction comprises a cryptocurrency transaction, the method further comprising optimizing, using machine learning, the execution of the cryptocurrency transaction based on real time price information.

17. The method of claim 16, further comprising determining the favorable tax treatment value based on a forward price in a market.

18. The method of claim 11, further comprising providing the transaction location parameter in response to determining that the favorable tax treatment value of the incoming transaction meets a threshold tax treatment value.

19. The method of claim 16, further comprising determining the transaction location parameter relative to a transaction speed for the cryptocurrency transaction.

20. The method of claim 16, further comprising determining the transaction location parameter relative to a favorability of contractual terms related to the cryptocurrency transaction.