alt Hacker NewsHow does things like this work in terms of bookkeeping? How do they label the expense? Can a company send huge amounts of money to an unknown crypto account without needing to explain anything to the tax authorities?
Replies
acomjean • today at 7:41 PM
“Data recovery”?
It's the insurance company paying the ransom and I assume they tie the payment to the insurance policy they are fulfilling, I don't know what the tax implications would be, I am not in finance or an accountant