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BTCC / BTCC Square / Global Cryptocurrency /
OpenAI Faces IRS Complaint Over Alleged Tax Law Violations

OpenAI Faces IRS Complaint Over Alleged Tax Law Violations

Author:
Global Cryptocurrency
Published:
2025-07-11 11:30:02
16
2
BTCCSquare news:

The Midas Project, an AI watchdog, has lodged a formal complaint with the IRS against OpenAI, challenging the organization's nonprofit status. Allegations center on governance conflicts and potential misuse of charitable funds, with CEO Sam Altman's dual roles drawing particular scrutiny.

At stake is OpenAI's tax-exempt standing, as the complaint highlights Altman's potential billion-dollar equity windfall in a for-profit restructuring. Board members' ties to OpenAI partners—including Sierra AI, Quora, and Global Infrastructure Partners—further cloud the nonprofit's operational independence.

|Square

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