What about the taxes due because the coins weren't worth anything at one point, but worth a whole bunch more prior to loaning them out?
wright moved the coin into a company in signapore where there is no capital gains - hence no tax
he used "rights to bitcoin" and made a loan
nominally, no bitcoin ever came into australia
basically he sat in aust and moved it on overseas servers
the ATO too him to the GAAR pannel
"General Anti-Avoidance Pannel"
He was on tax avoidance charges
but he has expensive lawyers and he won it somehow and got off.
he used "rights" to say the bitcoin was never transacted in australia. just a right to the value. all the transfers occured overseas. Wright has people in seychelles (and used to have in Panama) taht did all his dirty work so it was never in australia
that is his tax thing!
I was there in 13/14
he has a company in the seychelles called "Wright International Investments"
This owns "Tulip Trading" In the sechelles
this owns a Panama Co.
That owns a co. in Signapore called Denariuz Pte Ltd
the co that wright used to proker his computers was called High Secured
https://www.bloomberg.com/news/articles/2015-09-09/the-new-money-laundering-sting-come-to-the-u-s-get-arresteda few of us sent material to the US gov when wright injuncted us from using our code. ass
the us have been taking down all of wrights buddies!
they are going to jail and soon so will wright!
gambling and money laundering. that is what bitcoin was made by wright for.
there are several of us now
some from Hotwire
some from the workshop (ex Tyche)
none of us thoought we signed up for a gambling co and then discovered it was what we do
Poll
