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Even if the IRS isn't a fan, what are they going to do about it? It seems like the main recourse they could pursue is they could force the OpenAI directors/Micr
by voxic11 3y ago
Even if the IRS isn't a fan, what are they going to do about it? It seems like the main recourse they could pursue is they could force the OpenAI directors/Microsoft to pay an excise tax on any "excess benefit transactions".
https://www.irs.gov/charities-non-profits/charitable-organizations/intermediate-sanctions-excess-benefit-transactions https://www.irs.gov/charities-non-profits/charitable-organiz...