Australia’s Law to End Double Taxation of Bitcoin Stalled

Australia’s Law to End Double Taxation of Bitcoin Stalled

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Source:Source: news.bitcoin.com

Last year, Australian Treasurer Scott Morrison promised to swiftly act on changing the goods and services tax (GST) law, in order to end the double taxation of bitcoin and other digital currencies. However, over fourteen months have passed without any legislative progress. Now, the issue is no longer a priority and bitcoin continues to bear GST twice in Australia.

Also read: Australia’s Treasurer: Progress Made to End Bitcoin Double Tax

Read More https://news.bitcoin.com/australia-law-double-taxation-bitcoin/

The post "Australia’s Law to End Double Taxation of Bitcoin Stalled" appeared first here news.bitcoin.com

Source: news.bitcoin.com

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