Complementary Currencies as Legal Tender for Taxation

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Discussion

Bernard Lietaer:

"One particularly important type of debt that almost everybody incurs is taxes, and therefore “legal tender” means in this context that the government of the corresponding country accepts only this type of currency in payment for taxes. Normally, only the conventional national currencies are defined as legal tender.2 However, in Japan two cities have decided to accept their respective local complementary currency in payment for local taxes, and use the proceeds in partial payment for municipal service providers as well. Typically, complementary currencies are designed to be complements to legal tender, rather than replacing it." (http://www.global-community.org/gc/newsfiles/25/Community%20Currency%20Guide.pdf)