[2014-08-21] Bitcoins to be taxed like shares

[cescan]

http://www.theaustralian.com.au/technology/bitcoins-to-be-taxed-like-shares-ato/story-e6frgakx-1227030806508?nk=e92c59694a845f3df29ef6acf8989649

Workers receiving bitcoins as part of their remuneration could be subject to fringe benefit tax.

Businesses have to record the value of bitcoin transactions as a part of their ordinary income. GST on the supply and receipt of bitcoins is also applicable.