Knowledge Center

Thursday, January 11, 2018

Chris Lutz Quoted in Law 360 "Vermont Bill Would Tax Cryptocurrency Transactions"

Below is an excerpt of the article written by James Nani and published on 01/11/18.
Click here to read the full article. 

HMB's Chris Lutz was recently quoted in Law 360 regarding Vermont's novel proposal to tax all cryptocurrency transactions at $0.01 per transaction. Lutz discussed the impact the legislation might have in Vermont while considering the bill in the context of broader regulatory and taxation efforts with respect to blockchain and cryptocurrency technologies across the country. 

Lutz explained that cryptocurrencies are treated as property rather than currency while a number of states have offered limited guidance on the sales tax consequences of purchasing goods and services with cryptocurrency. But Lutz said taxing the transactions themselves appears new.

Click here to contact Chris Lutz with questions.

NOTICE: Emailing an attorney shall not and does not create an attorney-client relationship between the attorney and users of this web site or any other party whatsoever. An attorney-client relationship is ONLY established through a written engagement, and only where doing so would comply with all applicable laws and ethical rules.

CONFIDENTIAL INFORMATION: Transmission of information on-line, over email, or through any electronic means can be unstable, unreliable and insecure. You should not send information or facts via e-mail relating to your legal problem or question. If you do not have an existing attorney-client relationship, your e-mail may not be privileged or confidential.

By clicking 'OK' below, you are agreeing to the terms of this web site.

Please fill out the form below and we'll send an email out about this page to a recipient of your choice.

Copy: Check here if you would like a copy of the email.