How does the Eisner v. Macomber case impact the cryptocurrency industry?

1 answers

• Dec 19, 2021 · 3 years ago
  The Eisner v. Macomber case, although it took place almost a century ago, still has relevance in the cryptocurrency industry today. This case established the principle that for a stockholder to be taxed on a dividend, the dividend must be paid in money or property. This principle has been applied to cryptocurrencies, leading to the taxation of certain cryptocurrency transactions. As a result, individuals and businesses involved in the cryptocurrency industry may be subject to capital gains tax when they sell or exchange cryptocurrencies. This case has also influenced the legal and regulatory landscape for cryptocurrencies, prompting governments to develop guidelines and regulations for the taxation and oversight of cryptocurrencies.
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