Yes Section 174 is a huge issue for US companies of all sizes. We are seeing a s... | Hacker News

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		Steven-Clarke on Jan 20, 2024 \| parent \| context \| favorite \| on: Thousands of small businesses are struggling beca... Yes Section 174 is a huge issue for US companies of all sizes. We are seeing a shift in companies and other decentralized projects explore places like Panamá. The blockchain industry is dealing with IRS, SEC and other regulatory challenges. Some companies are choosing to leave the US. There are options and advantages to operating outside the US. US timezone, a USD economy and a territorial tax system makes it easy to operate from my home country. interview on this topic: https://www.youtube.com/watch?v=BzUAJzKb8bA

EdwardDiego on Jan 21, 2024 | [–]

I think the crypto industry is going to face tax and securities regulation in any jurisdiction that isn't corrupt or operating as a tax haven.

thinkerswell on Jan 20, 2024 | [–]

If you are a US business, it’s hard to escape the overly burdensome US taxes.

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