In the latest hurdle to beset the cryptocurrency sphere in Australia, a new government tax paper has listed Bitcoin among the methods which make it difficult for authorities to track tax avoidance. The difficulty of bitcoin taxation
The Re:think paper published by the treasury states that when the current Australian tax system was designed, “[n]ew ways of transacting, including cryptocurrencies such as bitcoin, were not contemplated.”
The end result, the government says, is that: “[t]hese […]
