Favicon 
www.allsides.com

Treasury Eases Tax Rule That Threatened Strategy's Bitcoin Pile

The Treasury Department said late Tuesday that it would soften a proposed tax rule that could have forced Strategy to pay billions of dollars in taxes on the unrealized capital gains on its bitcoin holdings. The potential tax liability was due to the corporate alternative minimum tax, or CAMT, the 15% minimum tax on large corporations' financial statement income that President Joe Biden signed into law in 2022. Until Tuesday's notice, rules for the CAMT would have included unrealized digital-...