VATupdate
VAT

Share this post on

State tax implications of blockchain technology and cryptocurrency

As corporations use digital assets such as Bitcoin and tokens in increasingly frequent and creative ways, they are faced with a range of state tax questions. This article outlines the potential corporate state income tax challenges with the goal of helping both mature companies and emerging disruptors navigate this uncertain environment. The report provides a high-level overview of blockchain and digital asset concepts and outlines some of the potential corporate income tax challenges at the state tax level: from nexus and apportionment to the calculation of tax base and the treatment of foreign earnings.

Source: Deloitte

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com