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Title: Australia Tax Office delivers guidance on Bitcoin Post by: coingamblingreviews on August 20, 2014, 11:54:07 AM Interesting read - https://www.ato.gov.au/Media-centre/Media-releases/ATO-delivers-guidance-on-Bitcoin/
Title: Re: Australia Tax Office delivers guidance on Bitcoin Post by: efreeti on August 20, 2014, 11:57:58 AM Do they really have an effective way to enforce tax?
What if the miner and seller are located half way across the globe? Title: Re: Australia Tax Office delivers guidance on Bitcoin Post by: coingamblingreviews on August 20, 2014, 12:02:30 PM Do they really have an effective way to enforce tax? What if the miner and seller are located half way across the globe? In my opinion - no. I wrote a brief article on it here: http://www.coingamblingreviews.com/australian-government-bitcoin-guidance/ Title: Re: Australia Tax Office delivers guidance on Bitcoin Post by: Keyara on August 21, 2014, 08:02:39 AM Do they really have an effective way to enforce tax? What if the miner and seller are located half way across the globe? In my opinion - no. I wrote a brief article on it here: http://www.coingamblingreviews.com/australian-government-bitcoin-guidance/ Will be interesting if NY implement the bitlicense. I can foresee a lot of business moving offshore while still taking customer in the US. |