0x10dec36b…74ccsent to0xcf2f348c…b49a·#23,014,553·view on Etherscan
The tax concerns outlined previously have now been addressed. Thanks to the Nouncil multisig for working together on a solution.
+1
> Because the incentive rewards are being allocated to a collective rather than an individual or tax-reporting entity, the DAO will be required to withhold and remit taxes on the total amount of incentives Nouncil claims unless a proper taxpayer is identified. To avoid unnecessary tax burden on the DAO, one of the following must occur:
> - A single individual claims the funds and agrees to complete KYC and pay the associated taxes, or
> - A legitimate legal entity is established to receive the funds and assume tax responsibility.
>
> If no tax-reporting recipient is identified in time, the DAO will be responsible for withholding ~24% of the fair market value as backup withholding.