Australia’s Tax Office Guidelines Open Door to Double Taxing, Other Problems

By August 26, 2014Bitcoin Business



G+PinterestThe Bitcoin cause might have taken a small step backward last week with the announcement by the Australian Tax Office (ATO) that Bitcoin would not be considered “money” for tax purposes. Not ‘Money’ The move is, to say the least, an interesting one when we consider the popularity of Bitcoin in the country and the large number of Bitcoin startups, including more than 100 Bitcoin ATMs expected by 2015 nationwide.The ATO began making noises about […]

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