#4 - Navigating taxation in a Decentralized World with Zoe Wyatt and Ben Lee

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The Decentralized Podcast

11 episodes

5 days ago

Let's explore the world of blockchain innovation. In every episode, we will discover what excites the changemakers in the industry. We discuss the complex problems they're working on and how they believe the blockchain can shape the world. Learn their tips and tricks, the strategies they use, and the tools they rely on in the always-changing world of blockchain. This podcast is not just tech talk – it delves into the real stories of the people behind the technology. Discover their dreams, what makes them tick, and the challenges they face. This podcast peeks into what the future has in store.

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#4 - Navigating taxation in a Decentralized World with Zoe Wyatt and Ben Lee | Andersen Tax

The Decentralized Podcast

1 hour 1 minute 13 seconds

1 year ago

#4 - Navigating taxation in a Decentralized World with Zoe Wyatt and Ben Lee | Andersen Tax

#4 - Navigating taxation in a Decentralized World with Zoe Wyatt and Ben Lee | Andersen Tax Ben and Zoe talked about their journeys in technology, crypto, and taxes. Ben got interested in computers early on and learned programming. Zoe's background in international tax led her to explore cryptocurrencies. They discussed challenges in a male-dominated industry and stressed the importance of always learning. They also talked about how to set up taxes properly, distribute tokens among founders, and use offshore financial setups effectively. They agreed it's crucial to plan taxes early and manage finances well from the start. Their conversation covered financial and legal aspects of blockchain and crypto projects. They highlighted the need for a strong finance team to track money and understand spending for a project to succeed. They also talked about the complicated rules for taxes on offshore companies and the importance of following rules and managing how things work. They also talked about how voting might change where a company is based and new rules for reporting crypto. They also talked about how taxes and rules apply to digital art and virtual land. Chapters: 14:12 How Ben went from studying Chemistry to becoming an accountant. 21:32 Working in crypto as a woman. 26:46 What are the most common things clients miss on the tax side? 29:04 The benefits of an offshore orphaned structure. 33:18 Token allocations to founders. 35:34 Valuing tokens before token generation. 36:57 Things to look out for day-to-day from a tax perspective. 39:06 Should founders sit on the board of an offshore entity? 40:19 What is important around multisigs on foundation companies? 44:04 DAO voting and corporate residence. 51:01 Crypto asset remorting framework and its implications. 56:20 How do you treat NFTs from a tax perspective? 59:05 VAT on NFT transactions. 01:01:57 What are you excited about? CONNECT WITH US: Youtube: https://studio.youtube.com/channel/UCoxrboKFXm7rwn45ymnd_zQ Apple Podcast: https://podcasts.apple.com/ph/podcast/the-decentralized-podcast/id1750127635 Spotify: https://open.spotify.com/show/1yzKwTaHQRysUVVttVuwfz Linked In: https://www.linkedin.com/company/thedecentralizedpodcast Petri’s Linked In: https://www.linkedin.com/in/petri-basson/ Petri’s Twitter: https://x.com/P3B_ CONNECT WITH OUR PARTNER COMPANIES: Lemma Website: https://www.lemma.solutions/ Linked In: https://www.linkedin.com/company/lemma-dao Twitter: https://x.com/Lemma_Solutions Hash Directors Website: https://hashdirectors.com/ Linked In: https://www.linkedin.com/company/hash-directorships Twitter: https://x.com/Hash_Directors Provenance Website: https://provenancecompliance.com/ Linked In: https://www.linkedin.com/company/provenancecompliance/ CONNECT WITH OUR PODCAST GUEST: Andersen Tax Website: https://andersen.com/ Linked In: https://www.linkedin.com/company/andersenus Twitter: https://x.com/andersenglobal?lang=en Ben Lee Linked In: https://www.linkedin.com/in/blockchainben/ Zoe Wyatt Linked In: https://www.linkedin.com/in/zoe-e-wyatt/ Twitter: https://x.com/WyattEZoe