After the whole Ledger kerfuffle, today I read up some information about ConsenSys’ new Terms of Use, which apparently indicates that Metamask can ‘withold’ owed taxes, whatever that means, from our wallets.
You can find the sentence in question under section 4.3 under the new Terms of Use: https://consensys.net/terms-of-use/
So what does this mean? Seems like nobody knows. Are we going to get another layer of ‘fees’ atop our transaction fees now? Or are we going to receive tax documents from MetaMask with details on how much we owe? Or perhaps get slapped with sales tax every time we use other ConsenSys products?
I’ve been looking up for more information online, and besides a few disparate articles and one about Anton Bukov, the co-founder of 1inch also being confused, there’s not been much clarification and news from Metamask’s end.
What do you guys think this means? Any insight from some folks that are in tax law here?
submitted by /u/yuruseiii
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