Crypto Taxation Rules in Australia are Wildly Unjustified

Crypto Taxation Rules in Australia are Wildly Unjustified
фото показано с : btcmanager.com

2019-6-24 21:00

A resident of Australia paid a whopping $100,000 of tax on Ethereum coins currently worth $20,000, pushing the investor into a net loss from a freak tax event. The rules for taxation of cryptocurrency in Australia are unfair to investors and holders, leading experts to call for reform, as reported by Micky on June 24, 2019.

ExorbitantRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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Источник: btcmanager.com

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Житель Австралии заплатил налог на криптовалютные активы, который в пять раз превысил их стоимость. Об этом рассказал глава компании Crypto Tax Australia Адриан Форза.

2019-6-25 10:54


Australia’s Crypto Tax Laws Faulted For Inefficiency As Investor Pays $100,000 For Holding a $20,000 Digital Asset Portfolio

Australia, a market leader in digital asset accommodation has contributed strongly to this space since the bull run in Q4 of 2017. This atmosphere is generally good for the blockchain and crypto industry as more enthusiasts look for regulatory friendly destinations to implement their ideas.

2019-6-24 21:53


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Global cryptocurrency task force closes in on sophisticated tax cheats

A global sweep of cryptocurrency tax avoidance schemes is imminent, with the number of active lines of inquiry set to nearly double – or so says a coalition of money laundering investigators from the US, Australia, Britain, Canada, and the Netherlands J5, a team of five countries formed by the US Internal Revenue Service to fight cryptocurrency-powered crimes such as tax fraud, has 60 open investigations, but the Sydney Morning Herald reports it’s now considering additional 50.

2019-6-6 14:40


Australia Tax Office Says Investors Trading Cryptos Offshore Won’t Escape Tax Obligations

The Australia Tax Office (ATO) wants to do its job properly and is bent on collecting all taxes from its citizens. Even those tech-savvy bunch belonging to the crypto crowd won’t be able to escape its clutches as the agency will be using the latest in data matching techniques, as well as the cooperation of […] Australia Tax Office Says Investors Trading Cryptos Offshore Won’t Escape Tax Obligations was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-13 14:59


5 Countries Team up to Combat Tax Fraud From Cryptocurrencies

A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5.  The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.

2018-7-9 14:59


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IRS Launches International Crypto Tax Enforcement Coalition

The US Internal Revenue Service has launched an international joint task force focusing on cryptocurrencies in order to investigate crypto-related tax evasion and money laundering. Announced on Monday, the Joint Chiefs of Global Tax Enforcement (J5) will see tax enforcement agencies form the US, UK, Australia, Canada, and the Netherlands in join forces in order […] The post IRS Launches International Crypto Tax Enforcement Coalition appeared first on CryptoSlate.

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