121–130 of 203 posts
Industries that rely heavily on business travel are basically fucked. Airlines (first and business class), hotels, ridesharings, car rentals and etc.
Should probably qualify this as "geographically decentralized". As long as there are C-level executives, VPs, and the usual corporate heirarchy, they're not really decentralized in the sense that cryptocurrency itself is fully consensus-driven.
They say that nobody on the executive team lives in San Francisco anymore, so that much seems likely to stick.
Earlier quoted context omitted.
Employees don't realize that taxes are the reason companies generally don't allow for remote positions. It's not just payroll taxes at stake. In a nutshell, having an employee in a tax jurisdiction creates a taxable nexus for the company, meaning that they can be subject to income taxes, commercial taxes, sales taxes/VAT, etc., in that jurisdiction. (And note: this has been part of domestic and international tax law…
Does it work the other way around, too? E.g., if live in New Hampshire and work remotely for a New York company, do I have to pay the NY income tax?
Earlier quoted context omitted.
Employees don't realize that taxes are the reason companies generally don't allow for remote positions. It's not just payroll taxes at stake. In a nutshell, having an employee in a tax jurisdiction creates a taxable nexus for the company, meaning that they can be subject to income taxes, commercial taxes, sales taxes/VAT, etc., in that jurisdiction. (And note: this has been part of domestic and international tax law…
Does it work the other way around, too? E.g., if live in New Hampshire and work remotely for a New York company, do I have to pay the NY income tax?
Earlier quoted context omitted.
Which addresses?
OFAC which manages US sanctions maintains a list of addresses that any entity complying with US regulations needs to block e.g. https://home.treasury.gov/policy-issues/financial-sanctions/... Most exchanges also use a service like Chainalysis to help identify which addresses need to be blocked or are high risk and need additional due diligence.
They take compliance incredibly seriously.
Industries that rely heavily on business travel are basically fucked. Airlines (first and business class), hotels, ridesharings, car rentals and etc.
Or people start traveling all the time, and WFH starts meaning "Working From Hotels". It's hard to predict the post lockdown world is what I'm saying.
Earlier quoted context omitted.
Until they're replaced with a team in Jakarta or Dhaka making 10% of what they made.
Time zones still matter. Which is a huge deterrent for being productive more so than being in the same office.
Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?
It depends, it was always a bit of a red flag in the US, but freelancers did and do so anyway. Based on the 2017? tax changes, employees basically can't period. See e.g. https://www.zdnet.com/article/your-home-office-deductions-ch...
Earlier quoted context omitted.
There is paperwork, but you don't need to establish a new entity in every state/country where you have an office or employee. You can simply register your existing company as a "foreign" business in all of the jurisdictions where it is not legally incorporated (and this is what most businesses do). Generally, you only have a location-specific business created if there are location-specific benefits acquired, or benef…
I don't have any personal experience but this is what Mitchell Hashimoto wrote a few years ago on the general topic of hiring remote: https://news.ycombinator.com/item?id=17022563
Too bad coinabase\s approach to crypto is centralized. They operate a blocklists to prevent people from sending funds to certain addresses . Even paypal does not do this.
Any regulated financial institution is required to do that. Where did you get the idea PayPal doesn‘t?