Cryptocurrency Q&A Do DAO pay taxes?

Do DAO pay taxes?

Arianna Arianna Mon Aug 12 2024 | 5 answers 1065
Excuse me, could you please clarify something for me regarding the taxation of Decentralized Autonomous Organizations (DAOs)? I've heard conflicting opinions on whether or not DAOs are subject to taxes. Some argue that since they operate outside of traditional legal and financial frameworks, they may be exempt from paying taxes. However, others maintain that DAOs are still engaging in economic activities and, as such, should be taxed accordingly. So, I'm wondering, do DAOs actually pay taxes, and if so, how are they taxed? Are there any specific regulations or guidelines that govern the taxation of DAOs, or is it still a gray area that varies from jurisdiction to jurisdiction? Do DAO pay taxes?

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