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A comment on Former Harvard Money Manager Is Launching a Digital-Currency Hedge Fund. Parent comment

Re:Former Harvard Money Manager Is Launching a Digital-Curre... by adamnemecek on Friday August 18, 2017 @12:31PM (#15047626)
It's benefiting from the US structure indirectly. Investors into the fund are definitely benefiting from the US social structure and hence the fund is also benefiting.

I can also imagine that the fund has some US legal protection (don't quote me on that).

> The investors in the fund are obliged to pay taxes on their income/gains in their relevant taxation jurisdiction, which will be the US for US investors and elsewhere for non-US investors.

So why is the fund getting a pass?

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by icebraining on Friday August 18, 2017 @12:48PM (#15047750)
Investors into the fund are definitely benefiting from the US social structure and hence the fund is also benefiting.

Fine. When will you start paying taxes to Greece and Italy for essentially inventing the core civilizational structure the West is based on?

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by adamnemecek on Friday August 18, 2017 @12:53PM (#15047795)
> paying taxes to Greece and Italy

Haha, the EU is paying them more than enough already.

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by cgmg on Friday August 18, 2017 @12:56PM (#15047819)
"It's benefiting from the US structure indirectly. Investors into the fund are definitely benefiting from the US social structure and hence the fund is also benefiting."

So, have you been paying your taxes to Germany, Canada, the UK, and the rest of the world?

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by adamnemecek on Friday August 18, 2017 @01:07PM (#15047914)
No, because the fund has a choice of being established in US or Cayman Islands. Not, Germany, Canada, UK.
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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by cgmg on Friday August 18, 2017 @01:26PM (#15048072)
I'm talking about you.

You said the fund should pay taxes to the US because it "indirectly benefits from the US social structure".

By that logic, you should be paying taxes to all the countries whose "social structure" you indirectly benefit from.

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by ddeck on Friday August 18, 2017 @01:29PM (#15048100)
>the fund has a choice of being established in US or Cayman Islands. Not, Germany, Canada, UK.

Why? As far as I can see, two people who are neither US citizens nor US residents are setting up a Cayman fund. What exactly does this have to do with the US?

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Re:Former Harvard Money Manager Is Launching a Digital-Curre... by adamnemecek on Friday August 18, 2017 @01:35PM (#15048146)
OK my mistake, I didn't realize they were from the UK. Replace US with UK and my comments still apply.
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