Decentralized autonomous organizations: Tax considerations -Breaking
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Organizations autonomous and decentralisedThe Digital Asset Organization (DAO), is an organisation that’s managed using a blockchain-powered computer program. It is run by individuals who vote on proposals for organizational changes. Typically, each member’s voting power is determined by their percentage interest in the DAO, which is calculated by dividing the digital assets contributed by a member by the total amount of digital assets in the DAO.
A DAO can operate without the support of a board, directors, or other governing bodies and it is a secure and effective way for people to come together to work towards a shared goal.
Chris Kotarba is the managing director at Alvarez & Marsal Taxand, LLC in San Jose, California. He is a specialist in international tax. His main areas of focus are structuring, planning and pricing transfer prices, outbound or inbound for all size multinationals. His expertise includes transactions involving cryptocurrencies and NFTs as well as other digital assets such as ICOs, token swaps, and forks.
Qiaoqi Li is an international tax associate with Alvarez & Marsal Taxand, LLC in San Jose, California. Her main areas of expertise include transactions with digital assets and international taxes.
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