[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Lily Liu [@calilyliu](/creator/twitter/calilyliu) on x 37.9K followers Created: 2025-07-19 02:53:49 UTC “How can we get foundations to onshore to the US?” Under current corporate tax policy - and currently discussed tax changes - it is not possible. Currently, every token transfer in the USA is considered a transfer of (appreciated) property. Because foundations typically have ~$0 cost basis on their tokens, every transfer of tokens thus incurs corporate tax, which practically means a XX% tax on every transaction - not to mention an administrative nightmare. No one can afford to pay $XXX every time they spend $XXX. De minimus doesn’t address this because $XXX doesn’t pay for much in a corporate context. Foundations today sit in Cayman where corporate tax is 0%. Spend $XXX in your token, actually spend $XXX. An older gen of foundations sit in Switzerland, where tax rulings make it such that if you spend $XXX in your token, you end up paying about $X in taxes during your annual filing. XXXXXX engagements  **Related Topics** [united states](/topic/united-states) [token](/topic/token) [tax bracket](/topic/tax-bracket) [lily](/topic/lily) [Post Link](https://x.com/calilyliu/status/1946403070952559071)
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Lily Liu @calilyliu on x 37.9K followers
Created: 2025-07-19 02:53:49 UTC
“How can we get foundations to onshore to the US?”
Under current corporate tax policy - and currently discussed tax changes - it is not possible.
Currently, every token transfer in the USA is considered a transfer of (appreciated) property. Because foundations typically have ~$0 cost basis on their tokens, every transfer of tokens thus incurs corporate tax, which practically means a XX% tax on every transaction - not to mention an administrative nightmare. No one can afford to pay $XXX every time they spend $XXX.
De minimus doesn’t address this because $XXX doesn’t pay for much in a corporate context.
Foundations today sit in Cayman where corporate tax is 0%. Spend $XXX in your token, actually spend $XXX.
An older gen of foundations sit in Switzerland, where tax rulings make it such that if you spend $XXX in your token, you end up paying about $X in taxes during your annual filing.
XXXXXX engagements
Related Topics united states token tax bracket lily