Overstock , a major mail – order from the US, announced that it will pay corporate activity tax with Bitcoin from February this year.
The company, which is also known to focus on the development of block chain technology, is likely to pay Bitcoin tax payment in Ohio, which allowed the tax payment in the US for the first time in the crypto currency.
Mr. Patrick Bahn, who is the company’s representative, said ” Aggressive introduction of new technologies like encryption currencies is essential for the US economy to remain the world’s most advanced,” regarding this policy decision.
He also praised governments and Ohio officials involved in promoting encryption currency tax payment within the United States.
Overstock is a leading mail order based in Utah, USA and sell furniture, home · DIY products, jewelry and brand clothing.
The company accepts payment with Bitcoins since 2014, and in the same year, we also established a fund ” Medici Ventures ” to invest in block chain companies.
Many well-known projects such as t 0 , FACTOM , Minds etc. are incorporated in Medici · Ventures’ portfolio.
Article Source: Overstock Press Release (English)
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/overstock-to-pay-taxes-in-bitcoin/
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