Australian Taxpayers Coalition Director Excited to Buy Bitcoin
Australian Taxpayers Union Excited to Buy Bitcoin
On April 1, Emilie Dye, Policy Director of the Australian Taxpayers Alliance (ATA), and also one of the largest taxpayers in Australia, shared on her personal page that she He just bought his first Bitcoin. This triggered excitement in the crypto community, garnering around 5,900 likes.
Evidently, this excitement was not in Dye's anticipation, later adding:
“The Bitcoin community has welcomed me with great enthusiasm. The number of comments and likes shows that thousands of people are investing in Bitcoin with high confidence. This makes me feel a lot more secure. Thanks everyone"
Taxation for BTC in Australia
ATA is a major advisory and operational organization in Australia. They are committed to promoting local taxpayer rights, and regularly oppose overregulation and imposition of taxes.
ATA's latest move towards crypto comes amid a global and local economic crisis. Yesterday, on primexbt exchange Australia's major stock market index, the ASX 200, fell nearly 2% as shares of major banks such as Commonwealth Bank and Westpac sold off.
According to Australia's official framework for crypto taxation, cryptocurrencies like Bitcoin are subject to capital gains tax as a form of property. The Australian Taxation Office says it has launched a massive campaign to remind up to 350,000 crypto investors to comply with their tax obligations.
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