Sales tax on bitcoin would be a “monumentally stupid” idea, according to Andreas Antonopoulos, a bitcoin enthusiast, author, and expert — as pointed out today by Startup Smart .
The words, which many in the community would agree with, come following a guidance related to bitcoin released by the Australian Tax Office earlier this year, which indicates the country’s Goods and Service tax (known as the GST) is effectively applied twice to bitcoin transactions.
“It’s as monumentally […]
