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A comment on Activision Blizzard has moved billions of dollars of profit into tax havens. Parent comment

Re:Activision Blizzard has moved billions of dollars of prof... by FDSGSG on Sunday August 04, 2019 @02:51PM (#20608484)
Nothing exciting, the government felt that imaginary internet money should not be treated like other similar assets. Luckily the courts disagreed in the end.

With tax laws being so complicated these disputes are everyday stuff for anyone engaged in any "unusual" activities.

[ Parent | on HN ]
Re:Activision Blizzard has moved billions of dollars of prof... by Scoundreller on Sunday August 04, 2019 @03:00PM (#20608543)
Heh, the amount of people that think crypto is an asset class that would be taxed differently than any other asset class is astounding. Sounds like your tax jurisdiction was in that group (!).

Though there are a bunch of unanswered questions in a lot of jurisdictions: How do you treat a fork?

Is it income? A dividend? A stock split? A spinoff? Some of these require the originator to file paperwork, and no crypto chain could possibly do that.

And what initial value? $0? Day1 trading value?

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