Bitcoin ‘double taxation’ relief bill introduced in australia Australia’s government has introduced a bill that delivers on a long-standing promise to solve a “double taxation” problem for cryptocurrencies. As it stands today, Australians are potentially liable for goods-and-services tax (GST) when they either purchase or spend a cryptocurrency. This state of affairs has been the target of criticism from the country’s local bitcoin community, and in March 2016, the government announced a plan to resolve the issue by removing the tax at the time of purchase…
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