Australia’s Government Renews Efforts to End Double Taxation of Bitcoin

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Australia's Government Renews Efforts to End Double Taxation of Bitcoin

The Australian government has renewed its commitment to end bitcoin double taxation in response to the Productivity Commission’s Inquiry. It has been over a year since Treasurer Scott Morrison made the promise to act quickly on changing the country’s goods and services tax (GST) law.

Also read: Australia’s Law to End Double Taxation of Bitcoin Stalled

Efforts Renewed

Australia's Government Renews Efforts to End Double Taxation of Bitcoin
Michael Mccormack MP

Bitcoin.com recently reported that the Australian government’s efforts to change the GST law to end the double taxation of bitcoin were stalled. While this issue was a priority last year, according to the Australian fintech industry, it has not been one

Read more ... source: TheBitcoinNews

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