Techsuite for the C-Suite by Samuel L Huber

CRYPTO & TAXES Does it Work? with Alex Roytenberg | Techsuite for the C-Suite #9


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The challenges and considerations of taxation in the crypto ecosystem.

They cover topics such as supporting startups in the US and abroad,
setting up US companies for foreign founders, the limitations of
traditional tax systems in a digital world, and the need for funding and
digital systems in tax authorities. They also explore the surprises and
complexities of crypto taxation, the importance of tax planning and
strategy, and the challenges of bridging between different blockchains.
The conversation emphasizes the importance of early planning and
collaboration between accountants and crypto developers. In this
conversation, Samuel Huber and Alex discuss various topics related to
blockchain and Web3 technology. They cover tax implications of
converting Ethereum mainnet to ETH 2, the benefits of crypto in
resolving banking complications, transparency and accountability in
government reporting, information accessibility and real-time data,
blockchain for storing records and data, public vs private blockchains,
opportunities and trade-offs in blockchain technology, resources for
learning about Web3 and blockchain, and the importance of legal
compliance in Web3 adoption.
Alex: https://www.linkedin.com/in/alexroytenberg/
Chapters
00:00 Introduction and Background
02:16 Supporting Startups in the US and Abroad
03:39 Setting Up US Companies for Foreign Founders
04:38 Challenges of Traditional Systems in a Digital World
06:29 Differences in Tax Authorities Across Countries
07:06 The Need for Funding and Digital Systems in Tax Authorities
08:02 The Importance of Paying Taxes
09:00 Entering the Crypto Ecosystem
10:25 Supporting Crypto Startups and Dealing with Audits
11:15 Surprising Discoveries in Crypto Taxation
16:36 Managing Risk and Exposure in Crypto
17:30 Fluctuations in Valuation and Accounting
19:32 Tax Implications of Crypto Transactions
21:14 Tax Planning and Strategy in Crypto
27:01 Navigating Personal and Business Crypto Accounts
31:47 Early Planning for Crypto Development
33:59 Considerations for Crypto Development
38:16 The Ever-Evolving Nature of Crypto
45:47 Collaboration between Accountants and Crypto Developers
52:49 The Importance of Timestamps and Time Zones in Crypto
55:56 Complications in Crypto Accounting
57:21 Tax Implications of Ethereum Mainnet to ETH 2 Conversion
59:07 Benefits of Crypto in Resolving Banking Complications
01:00:14 Transparency and Accountability in Government Reporting
01:01:28 Information Accessibility and Real-Time Data
01:03:09 Blockchain for Storing Records and Data
01:04:31 Public vs Private Blockchains
01:05:27 Opportunities and Trade-Offs in Blockchain Technology
01:08:31 Resources for Learning about Web3 and Blockchain
01:11:20 Opportunity to Disrupt Industries with Web3
01:13:40 Importance of Legal Compliance in Web3 Adoption


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Techsuite for the C-Suite by Samuel L HuberBy Samuel L Huber