{"id":16538,"date":"2023-05-12T05:47:49","date_gmt":"2023-05-12T09:47:49","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-15\/"},"modified":"2023-05-12T05:47:49","modified_gmt":"2023-05-12T09:47:49","slug":"asia-express-cointelegraph-magazine-15","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-15\/","title":{"rendered":"Asia Express \u2013 Cointelegraph Magazine"},"content":{"rendered":"


\n<\/p>\n

\n

IRS wants $38 billion tax from Alameda<\/h2>\n

According<\/a> to recent filings by the claims agent of bankrupt cryptocurrency exchange FTX, the United States Internal Revenue Service is claiming a total of $44 billion from the exchange\u2019s bankruptcy and related firms, including $38 billion against its sister quantitative trading firm, Alameda Research. In one single claim, the IRS assessed $20.4 billion in unpaid partnership and payroll taxes against Alameda Research LLC.<\/p>\n

Founded in September 2017 by Sam Bankman-Fried and Tara Mac Aulay and led by Caroline Ellison, Alameda was headquartered in Hong Kong and conducted up to $5 billion worth of trades<\/a> per day at its peak. Hong Kong does not levy taxes on capital gains. However, being U.S. nationals, its founders and key executives are obligated to pay taxes on their worldwide income irrespective of where they reside and how many days they actually spend in the U.S. each year, under the highly unusual U.S. taxation by citizenship regime.<\/p>\n

\n

\n