Bitcoin Forum
April 20, 2019, 11:09:10 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-21] Digital money hit: taxman demands a take of the bitcoin action  (Read 561 times)
zakoliverz
Hero Member
*****
Offline Offline

Activity: 542
Merit: 500


View Profile
August 21, 2014, 03:46:16 AM
 #1

http://www.theaustralian.com.au/business/digital-money-hit-taxman-demands-a-take-of-the-bitcoin-action/story-e6frg8zx-1227031295639?nk=75abb224e07a8246d0aaf792b10a1b11

Individuals will be slapped with capital gains tax upon the sale of their bitcoins — just as they would with shares. However, there will be no tax implication on goods or services purchased for personal use of up to $10,000.

Bitcoin, created in 2009, was the first crypto-currency and ­relies on mathematical algorithms for its value. It is not issued or controlled by a central bank.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!