A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes

The challenge is keeping a DAO decentralized while allowing it to meet the tax requirements and other practical demands of a business or nonprofit. Using well-trodden, offshore strategies to avoid taxes “could substantially increase the risk of global backlash,” according to the paper written by Miles Jennings, a16z’s general counsel and head of decentralization, and David Kerr, a lawyer from Cowrie who is involved with the DAO Research Collective