The Financial Times reports (20 August 2019) that it is becoming increasingly common (although, I assume, still rather rare) for employees within the cryptocurrency industry to be paid in cryptocurrency rather than traditional currency.
Getting paid like this is likely to cause tax headaches for both the employer and the employee:
Overall it may well be that the tax barriers to paying employees in cryptocurrency outweigh any potential positives to employees. At the very least, it is not something that should be undertaken without some thought to the tax implications and the impact on the overall employee experience.
Lewin Higgins-Green, Macfarlanes
The Financial Times reports (20 August 2019) that it is becoming increasingly common (although, I assume, still rather rare) for employees within the cryptocurrency industry to be paid in cryptocurrency rather than traditional currency.
Getting paid like this is likely to cause tax headaches for both the employer and the employee:
Overall it may well be that the tax barriers to paying employees in cryptocurrency outweigh any potential positives to employees. At the very least, it is not something that should be undertaken without some thought to the tax implications and the impact on the overall employee experience.
Lewin Higgins-Green, Macfarlanes