Google was also previouslycalled out by the federal governmentfor employing the so-called Double Irish Dutch Sandwich method, which is the process of funnelling money through other countries from Australia in order to pay a lower tax rate. During the 2016 calendar year, the local arm of the se...
Austracreceived legislative approvalin December 2017 to monitor digital currency for anti-money laundering purposes, following the passage of theAnti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017.
The debit card provider draws crypto assets from Yindi’s crypto wallet and converts them to AUD to pay to the merchant. The capital proceeds for the disposal of crypto assets are $2,000. The release of this particular guidance is timely, given the increase in the number of “crypto debit...
The new tax is expected to see AU$100 million in revenue per year -- from 2018-19 -- stay on Australian soil. The new legislation mirrors laws implemented in the United Kingdom, nicknamed the Google Tax after the search engine giant was ordered topay the UK government £130 million i...