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Good news, everyone! This year, Pavel Durov will be giving away one million dollars to bot developers in the form of grants starting at $25,000 each. Note that
by dsp1234 11y ago
Good news, everyone! This year, Pavel Durov will be giving away one million dollars to bot developers in the form of grants starting at $25,000 each.
Note that 'grants' is bolded in the article. A grant is not a prize, and a prize it not a grant. So it's one or the other, and since what they are doing would normally be called a prize (or reward), the fact that they specifically mention grants is likely because it has special significance.
It's like if I say to my uncle, "I'm giving you a gift of $10,000 in the form of a loan. Enjoy your $10,000". A gift can't be a loan, and a loan can't be a gift (for tax purposes). But I might say that, because the tax treatment for loans and gifts are different.
So that goes to my question of whether or not calling it a grant has tax significance.