Overstock To Pay Certain Ohio Business Taxes In Bitcoin

Law360 (January 3, 2019, 3:09 PM EST) -- Online retailer Overstock.com said Thursday it would become the first company to pay part of its Ohio state taxes in bitcoin, following the Buckeye State's announcement in November that it would accept tax payments based on the cryptocurrency.

Overstock plans to pay "commercial activity taxes" owed to the state using the OhioCrypto.com platform, which was formed to allow state taxpayers to pay business taxes with bitcoin.

"We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer [Josh] Mandel to help usher in an era of trust through technology for our nation's essential financial systems," Overstock CEO Patrick Byrne...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!