US Treasury Plans to Ease Corporate Crypto Tax Rules, MicroStrategy and Others May Be Exempt from Paying Billions in Unrealized Gains Tax

ChainCatcher news, according to market sources, the U.S. Department of the Treasury is preparing to officially relax a proposed rule. This rule would have imposed a 15% tax on unrealized bitcoin gains held by companies such as MicroStrategy, under the Corporate Alternative Minimum Tax (CAMT) Act.

The CAMT Act requires large companies to pay a minimum tax on their financial statement income. According to current accounting standards, companies must mark their held cryptocurrencies to market value, which means that even if they do not sell, their book profits (unrealized gains) would be taxed. Previously, MicroStrategy and some exchanges had sent letters to the Treasury Department, arguing that taxing unrealized gains on digital assets is unfair and would force U.S. companies to sell assets to pay taxes, putting them at a disadvantage in global competition.