Australian Treasury: Bitcoin a Risk to Taxation

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

In a new report, the government agency outlines areas in which it hopes to change the structure of its tax revenue system, citing the emergence of new financial technologies, including bitcoin and other digital currencies, as challenges it has yet to adapt to.

The report notes:

Continue reading at CoinDesk


Leave a Comment

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top