ATO to apply GST to bitcoin transfers

Discussion in 'Digital Currencies' started by goldpelican, Mar 15, 2014.

  1. brisbanecoin

    brisbanecoin Member Silver Stacker

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    I think that's what Bron was saying earlier how they are not ruling it a currency because it doesn't have legal tender status. Therefore they are classifying it as a commodity? like Palladium?

    Not really sure though, it will be interesting to see how it plays out!
     

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