Tag: Crypto-Currency

The Tax Commissioner believes bitcoin is not money or foreign currency and bitcoin transactions should be treated like barter trades, with similar tax results.

The Australian Taxation Office is increasingly concerned at the growth in crypto-currency Bitcoin. It will soon release a ruling on how the digital currency is to be treated for tax purposes. The decision may have significant consequences on the usage of the currency in Australia. The ATO was initially unconcerned by the emergence of the […]

It was the thrill of creating something new that led Chris Guzowski to go into business for himself.