30 Mar '15, 3pm

Amid Double Taxation, Australia Govt Now Links Bitcoin to Corporate Tax Evasion

Amid Double Taxation, Australia Govt Now Links Bitcoin to Corporate Tax Evasion

In the latest hurdle to beset the cryptocurrency sphere in Australia, a new government tax paper has listed Bitcoin among the methods which make it difficult for authorities to track tax avoidance. The difficulty of bitcoin taxation The Re:think paper published by the treasury states that when the current Australian tax system was designed, “[n]ew ways of transacting, including cryptocurrencies such as bitcoin, were not contemplated.” The end result, the government says, is that: “[t]hese developments make determining the appropriate tax outcome for a particular company in a specific country difficult, and raise concerns about the ability of companies to relocate profits to minimise their tax.” Business in Australia has faced an increasingly hostile environment in terms of tax due on cryptocurrency operations. The past 12 months has seen tax initiatives clarified by the Au...

Full article: http://cointelegraph.com/news/113824/amid-double-taxation...

Tweets

Australian Treasury: Bitcoin a Threat to Tax Collection

Australian Treasury: Bitcoin a Threat to Tax Co...

coindesk.com 30 Mar '15, 8pm

The Australian Department of the Treasury is claiming bitcoin and digital currencies are a potential threat to its tax col...

@410LumberJerk Today's the last day for double ...

dsw.com 31 Mar '15, 6pm

#SAYSOMETHINGGREAT Follow us on Instagram ▶ WE NOW ACCEPT PAYPAL! Learn more ▶ DSW REWARDS VISA® Apply for the credit card...

Where is @McIlroyRory a resident? Here's a hint.

Where is @McIlroyRory a resident? Here's a hint.

golf.com 30 Mar '15, 6pm

Rory McIlroy will keep a larger portion of the estimated $24 million he earns per year thanks to establishing residency in...

Perodua dealers plead for sales tax return prio...

paultan.org 31 Mar '15, 2am

Ahead of tomorrow’s implementation of the Goods and Services Tax (GST), the Perodua Dealers Association wants to be able t...

Govt may review cooling measures this year, say...

propertyguru.com.sg 30 Mar '15, 10am

Comment E-mail to friend Bookmark & Share Analysts expect the government to review the property cooling measures this year...

Rolex is owned by a private foundation, registered as a charity and does not pay corporate tax

Rolex is owned by a private foundation, registe...

en.m.wikipedia.org 11 Apr '15, 4am

The name of the watch lines in catalogs is often "Rolex Oyster Perpetual ______" or "Rolex ______"; Rolex Oyster and Oyste...

Wikileaks papers reveal TPP's huge corporate giveaway

Wikileaks papers reveal TPP's huge corporate gi...

theecologist.org 29 Mar '15, 1pm

Enactment of the leaked chapter would increase US ISDS liability to an unprecedented degree by empowering about 9,000 fore...

Hot Links! #hotlinks

seriouslyomg.com 06 Apr '15, 8am

Juan Pablo Di Pace’s mom witnessed his crucifixion in AD: The Bible Continues The Lizzie Borden Chronicles tells the untol...

Earn Bitcoin by selling tweets join me now

shout4coin.com 04 Apr '15, 4pm

Buy tweets and retweets with bitcoins Direct tweets/retweets from any account you choose (price set by account owner) Your...

After some last minute travel inpso? Here’s 8 s...

cleo.com.au 02 Apr '15, 12am

Website Terms and Conditions 1. Terms and Conditions In these terms and conditions, "we", "us" and "our" means Bauer Media...

Extraordinary Property of the Day: Unrivaled Ic...

sothebysrealty.com 31 Mar '15, 2pm

Breathtaking unobstructed views stretching over Sydney harbour and city skyline featuring the iconic landmark, The Harbour...

Double Shot #1499: Crystal - A compiled languag...

afreshcup.com 03 Apr '15, 2pm

is Mike Gunderloy's software development weblog, covering Ruby on Rails and whatever else I find interesting in the univer...