Quite substantial amount. More than I would've guessed.
But you have to keep in mind that their bitcoin is handed over as cash to the receiving party. We have yet to see direct bitcoin acceptance by businesses. But if the demand is there it will follow.
ya.ya.yo!
Topic: People In Australia Have paid over $150k In Bills With Bitcoin (Read 1636 times)
I didn't know that bitcoin was so popular in Autralia, I wish I would live there.
I hope that more countries will follow their examples, this would spread the word about btc.
This is great to see that a company is taking advantage of botcoins and using it in this way. I honestly would not have thought that one Country could be using it so much but here I am proved wrong. I guess time will only tell if this starts to happen more in other Countries. It would be nice to see it though.
I wish I'll had some more btc to pay bills
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
What taxes I was referring to is income tax on the difference a person bought the bitcoin for and the value of the goods that they exchanged the bitcoin for when they purchased goods from a merchant.
Smart merchants allow regular customers and friends to by pass the sales tax. They won't just make the same offer to any stranger that pass them by.
In a small community, just about everyone know each other and know what they do.
And the community also tend to be more friendly and helpful toward each other rather than going behind each other back.
Also people in a small community often know everyone else's business so it would be more or less public information if one person is breaking the law like this.
Well that's good news I always like good economic stories about the utility and the usage of Bitcoin worldwide
Today its Australia and its nice to hear and read about.
Not sure about the service myself but in this space the more services the better as long as they provide utility and are functioning without the hint of scammery ^^.
Today its Australia and its nice to hear and read about.
Not sure about the service myself but in this space the more services the better as long as they provide utility and are functioning without the hint of scammery ^^.
There are also such news in smaller countries like Indonesia, Singapore and Malaysia.
The bitcoin community there are still small, but it is a good start.
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Well that's good news I always like good economic stories about the utility and the usage of Bitcoin worldwide
Today its Australia and its nice to hear and read about.
Not sure about the service myself but in this space the more services the better as long as they provide utility and are functioning without the hint of scammery ^^.
Today its Australia and its nice to hear and read about.
Not sure about the service myself but in this space the more services the better as long as they provide utility and are functioning without the hint of scammery ^^.
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
What taxes I was referring to is income tax on the difference a person bought the bitcoin for and the value of the goods that they exchanged the bitcoin for when they purchased goods from a merchant.
Smart merchants allow regular customers and friends to by pass the sales tax. They won't just make the same offer to any stranger that pass them by.
In a small community, just about everyone know each other and know what they do.
And the community also tend to be more friendly and helpful toward each other rather than going behind each other back.
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
What taxes I was referring to is income tax on the difference a person bought the bitcoin for and the value of the goods that they exchanged the bitcoin for when they purchased goods from a merchant.
Smart merchants allow regular customers and friends to by pass the sales tax. They won't just make the same offer to any stranger that pass them by.
Actually thanks to Stunna im paying some bills with BTC, is not much but the little im making with the sig campaings is a very nice help for me. Thank BTC 
It will eventually happen to more places with the increasing number of people and nations getting into BTC and other virtual currencies. 
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
What taxes I was referring to is income tax on the difference a person bought the bitcoin for and the value of the goods that they exchanged the bitcoin for when they purchased goods from a merchant.
Smart merchants allow regular customers and friends to by pass the sales tax. They won't just make the same offer to any stranger that pass them by.
Bitcoin and Australia have proven to be a worthy combination as this mutual relationship has seen Bitcoin prices remain stable and increase steadily whilst providing Australians with a instant and fee free payment solution to meet their needs. From college fees to paying for a pizza, Bitcoins have become the currency of the future.
read the full story @ http://coinfinance.com/news/people-in-australia-have-paid-over-150k-in-bills-with-bitcoin
read the full story @ http://coinfinance.com/news/people-in-australia-have-paid-over-150k-in-bills-with-bitcoin
Australia electricity charges is insanely high (about $0.3/kwh). Someone should go there and make a power plant or something, should be really profitable..
It's good to see such things happening,must welcome to new solutions as Australia by every country around the world
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
What taxes I was referring to is income tax on the difference a person bought the bitcoin for and the value of the goods that they exchanged the bitcoin for when they purchased goods from a merchant.
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Of course all merchants are aware of the tax regulation in place.
The question in every mind is, does the government have the effective monitoring tool to catch merchants breaking tax law or merchant colluding with consumer to not pay sales tax.
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I don't think they do. The Australian equivalent of the IRS issued guidance on the taxation of bitcoin that is very similar to how the IRS treats bitcoin. Taxpayers would essentially need to treat any bitcoin transaction like a barter transaction. I wonder if the consumers there get any discount in term of tax saving.
Australian government are citizens oriented. Bitcoin for school fees soon.
Really? The only western nation without a bill of rights..., but I like their approach to bitcoin. 
would be cool to know the total cost of electricity for all country that mine altcoin
Australian government are citizens oriented. Bitcoin for school fees soon.
Good thing for Australian.
I wonder if the consumers there get any discount in term of tax saving.
I wonder if the consumers there get any discount in term of tax saving.
Bitcoin and Australia have proven to be a worthy combination as this mutual relationship has seen Bitcoin prices remain stable and increase steadily whilst providing Australians with a instant and fee free payment solution to meet their needs. From college fees to paying for a pizza, Bitcoins have become the currency of the future.
read the full story @ http://coinfinance.com/news/people-in-australia-have-paid-over-150k-in-bills-with-bitcoin
read the full story @ http://coinfinance.com/news/people-in-australia-have-paid-over-150k-in-bills-with-bitcoin
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