From: "jeffrey E." <[email protected]>

From: "jeffrey E." <[email protected]> To: Vincenzo Iozzo < >, Joi Ito Subject: Re: taxes on employees benefits Date: Thu, 11 Sep 2014 09:46:23 +0000 blind means no control it does not mean no tax. the only exception is within an insurance policy On Thu, Sep 11, 2014 at 5:24 AM, Vincenzo lozzo > wrote: also if this vanilla option doesn't work. Can you put the money in a blind trust blocked for say 10 years and then just use the 'coin' to move money within the blind trust from one account to the other? If so you should only get taxed when you take the money out from the trust right? On 11/set/2014, at 10:20, Vincenzo lozzo < > wrote: > Jeffrey, > quick Q for you: if you distribute some kind of coin/voucher to your employees and they can only redeem that coin/voucher within the premises of the company and/or to trade stuff among themselves. Is that a fringe benefit? Is it taxed? > I was reading this article about the IRS looking into taxing google for free food to employees and I thought that if you can work around that issue then you have a pretty valid reason for companies to adopt 'tailored' currencies > Thanks, > Vincenzo please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00996539