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Charitable contributions are limited to 10% of net income for corporations. Also, for large charitable contributions that are non-cash, such as an NFT, you have to have an appraisal for current market value. I suppose you could find a CVA to tell the IRS that your $1 NFT you paid a million for from a related party is still worth a million, but it might be difficult. There's licensing involved and the CVA probably doesn't want to look like they're participating in a criminal enterprise. As for laundering money with NFTs - you've just created an electronic trail for the IRS to follow. Most NFT sites require KYC verification. You can't just bid on stuff without verifying your identity. Modern physical art on the other hand is indeed used to launder money, and there was recently some legislation where they were demanding that art brokers require KYC. And why? Because there's no paper trail when cash and physical art are involved. Nice theory you have there, but in reality it might not work like you think. TL;DR - I don't think NFTs are a good way to launder money or avoid taxes.
That’s nothing. Wait until the ataxic aphasic underwater inverted CVA
has anyone looked into CVA (Crypto Village Accelerator)? I'm surprise that its not popular. what do you guys think? i was only able to get it on Probit Global after transferring ethereum from Metamask.