Tag: From foreign corporation to domestic partnership: Classifying a DAO for tax liability and reporting is quite challenging for the existing tax legislation.

Decentralized autonomous organizations: Tax considerations

A decentralized autonomous organizations (DAO) is an organization that is managed by a computer program powered by blockchain and run by a group of individuals who collectively vote to decide on organizational proposals. Typically, each member’s voting power is determined by their percentage interest in the DAO, which is calculated by dividing the digital assets […]