diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index b8d047dd1..3ee7e5b51 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -404,8 +404,7 @@ could spend the associated funds.  Assuming the payment system has
 effective double-spending detection, this means that either entity has
 to constantly fear that the funds might no longer be available to it.
 It follows that sharing coins by copying a private key implies mutual
-trust between the two parties, in which case we treat them as the same
-entity for taxability.
+trust between the two parties.
 
 In Taler, making funds available by copying a private key and thus
 sharing control is {\bf not} considered a {\em transaction} and thus