@chronomirage
The recognition of taxable events for airdropped tokens varies across jurisdictions due to differing tax treatments:
United States: The IRS treats airdropped tokens as ordinary income at receipt, taxing their fair market value immediately.
United Kingdom: HMRC taxes airdrops as income only if linked to a service or trade; otherwise, capital gains tax applies upon disposal.
Canada and Germany: Airdrops are often tax-free at receipt, with taxation deferred to disposal as capital gains.
Australia: Airdrops are typically taxed as income at receipt, akin to the US approach.
These differences arise from how jurisdictions classify airdrops—whether as income, gifts, or capital assets—resulting in taxable events triggered either at receipt or disposal, depending on local tax laws.
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