Topic: [2015-03-04] Australian Treasury: Its Too Early to Amend Bitcoin Taxes (Read 1253 times)
March 05, 2015, 06:35:48 AM
Sam Dastyari seems to be very pro Bitcoin (He recently attended and spoke at a conference in Miami) and after watching the hearing It seems to me the committee believe the ATO got its definition of BTC as a commodity wrong. Lets hope the ATO amend their decision so we don't suffer the double taxing on Bitcoin any longer.
March 04, 2015, 03:42:36 PM
... Or maybe it shouldn't be taxed at all 
March 04, 2015, 11:02:13 AM
Australian Treasury: Its Too Early to Amend Bitcoin Taxes
The Australian Treasury Department representative Kate Preston called Bitcoin a way too “infant” for being considered for tax amendments.
The comments came in response to Labor Senator Sam Dastyari’s allegation towards the current Australian Tax Office (ATO) tax laws that, according to him, will end up relocating local Bitcoin business out of its jurisdiction. However, Preston believed that digital currencies like Bitcoin should first be regulated properly before being amended for tax purposes.
http://www.newsbtc.com/2015/03/04/australian-treasury-early-amend-bitcoin-taxes/
The Australian Treasury Department representative Kate Preston called Bitcoin a way too “infant” for being considered for tax amendments.
The comments came in response to Labor Senator Sam Dastyari’s allegation towards the current Australian Tax Office (ATO) tax laws that, according to him, will end up relocating local Bitcoin business out of its jurisdiction. However, Preston believed that digital currencies like Bitcoin should first be regulated properly before being amended for tax purposes.
http://www.newsbtc.com/2015/03/04/australian-treasury-early-amend-bitcoin-taxes/
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