[2016-05-04] Australian Government To Reduce GST on Bitcoin Transactions

[jdebunt]

In a rather surprising turn of events, the Turnbull Government wants to reduce tax on Bitcoin transactions. As a result of this solution, Bitcoin users and businesses in the country will pay less than regular GST rates for their transactions, allowing them to “earn” more money that way. Quite an interesting change of heart which may be related to the whole Craig Wright debacle.

http://themerkle.com/australian-government-to-reduce-gst-on-bitcoin-transactions/