Australia Tax Office delivers guidance on Bitcoin

[coingamblingreviews]

Interesting read - https://www.ato.gov.au/Media-centre/Media-releases/ATO-delivers-guidance-on-Bitcoin/

[efreeti]

Do they really have an effective way to enforce tax?

What if the miner and seller are located half way across the globe?

[coingamblingreviews]

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/

[Keyara]

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.