http://www.coindesk.com/australian-tax-office-ruling-bitcoin-now/Playing safe
The news report suggests bitcoin-accepting businesses, traders and investors will now be left “in limbo”, unsure of whether they will face a backdated tax bill in future years.
The Bitcoin Association of Australia (BAA), the Bitcoin Foundation’s local chapter, said it was disappointed, but also glad the ATO was not rushing to a decision.
Tax lawyer Reuben Bramanathan, who co-wrote the BAA’s paper detailing its recommendations to the ATO, agreed, saying it is more important for the ATO to fully understand bitcoin in Australia and the far-reaching consequences than to make a rushed decision:
