Join our EY team of tax professionals for the first in a series of discussions focused on the evolving digital landscape of blockchain technology, digital assets, Web 3.0 applications and how those items may converge in a metaverse ecosystem.
During this 75-minute webcast, we will discuss this evolving landscape through a state and local and indirect tax lens.
The agenda will include a discussion defining the “what” and the “why” – what the digital revolution is and why it is important to understand how it could change the way your company engages with other businesses and consumers. Specifically, we will provide an overview of the new digital landscape to identify and analyze some of the pertinent considerations from the perspective of state sales tax, state income tax, and value-added tax, as well as certain potential information reporting requirements.
Panelists
- Daren Campbell, EY Americas Tax Technology and Transformation Leader
- Grace Kyne, Senior Manager, Indirect Tax Sales and Use Tax, Ernst & Young LLP
- Matthew Musano, Senior Manager, Indirect Tax FSO, Ernst & Young LLP
- Kishan Madhok, Senior Manager, Indirect Tax VAT, Ernst & Young LLP
- Jonathan Jackel, Managing Director, Information Reporting and Withholding, Ernst & Young LLP
Moderator
- Mike O’Brien, Partner, Indirect Tax State Income Tax, Ernst & Young LLP
Webcast
CPE credits: 1.4
Time your local time
How much do you know about blockchain technology, digital assets, Web3 and the metaverse and how these concepts overlap and may integrate into your business?
With 72% of respondents knowing little, if anything, about blockchain technology, digital assets, Web3 and the metaverse significant training will be required for companies to incorporate these concepts into overall business planning and strategy.
What level of adoption and integration of blockchain, Web3 technology and a metaverse ecosystem do you anticipate to occur at your company in the future?
Most respondents expect their organization to adopt this evolving technology in some form and approximately 30% respondents anticipate that it will substantially impact or transform the way their companies engage with other businesses and customers.
Are you prepared for the documentation, withholding and tax reporting challenges of the metaverse and Web3?
Only 5% of those responding to this polling question believe they are ready for withholding and tax reporting relative to metaverse and Web3. As this becomes more of a pressing reality, there will be significant pressure to get systems, processes and internal resources up to speed and ready for compliance obligations.
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