Re:Coinbase is closing their SF office
by tacosaretasty on Thursday May 06, 2021 @01:57AM
(#27059653)
“Citizens of a particular country who make money are required to pay taxes. News at 11”
Really though are you implying that these employees are all unscrupulously avoiding taxes and trying to use remote work and cryptocurrency to relive their tax burden?
Maybe some people enjoy the space as it’s bleeding edge, fully remote supported and well funded.
Not sure I follow. This also happened to Coinbase
https://www.businessinsider.com/irs-hunting-anonymous-coinba...
And Circle
Title of linked article "U.S. court authorizes IRS to seek identities of taxpayers who have used cryptocurrency".
This is puzzling. The IRS didn't have that right before? It seems obvious. Any large transfer from any external entity to your bank triggers money laundering flag here in France and I have to declare and give my Kraken (and other exchanges) user ID to the local IRS.
I would suggest that engineers looking to make huge amounts of money think carefully about potential liability and whether they'd like to be able to keep living in whatever country they're looking to work remotely from.