Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Did Madonna Have to Pay Sales Tax on That Bored Ape NFT? (1)

April 15, 2022, 6:16 PMUpdated: April 15, 2022, 9:39 PM

This week in state tax news: With no reliable state guidance on the taxability of NFTs, most buyers and sellers of these digital products are turning a blind eye to the taxman. Meanwhile, courts in California and Ohio are expressing doubts about Netflix and Hulu’s responsibility to pay millions in local franchise fees. And Kentucky and Nebraska cut taxes on personal income.

Pop music icon Madonna recently announced she had parachuted into the nonfungible token craze, paying 180 Ether—that’s around $544,000 to any crypto skeptics out there—for a piece of digital art from the Bored Ape Yacht ...