Bitcoin is Potential Threat for Tax Collection Says the Australia Department of the Treasury

By March 31, 2015Bitcoin Business

The Australian Department of the Treasury sees Bitcoin as one of the ways to evade taxes in the country. The organization is claiming that Bitcoin and digital currencies are a potential threat to its tax collection efforts. The views came to fore when a report was released by the department that outlines areas in which it hopes to change the structure of its tax revenue system.

The new report is an analysis of taxation system […]

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