The Australia Tax Office (ATO) has made it clear that investors who are trading cryptocurrencies offshore are not exempted from tax obligations. The deputy commissioner of ATO, Martin Jacobs explained, “We have a range of existing powers that are designed to address unexplained wealth and conspicuous consumption that may arise through profits derived through cryptocurrency investment.â€
Offshore Crypto Trading Included in Australia’s Tax Obligations
IncryptsJul 13, 2018
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