I think the ATO's position here is.... questionable... to put it politely. It also directly affects me, so I will have a dig into this. I am yet to find a good source of the ATO's position where they ...
Agree that the issue of fungability is one that complicated and differentiates .. and there’s very little Bitcoin-specific case law yet as the cost of disputes with the ATO - or any tax agency for that matter - is significant
The appetite to contest will likely increase on both sides as NgU .. ultimately there will be more clarity than today
Bitcoin. “Like” lots of things but not the same as anything else .. and that’s where regulators trying to put new things in old boxes run into strife
The appetite to contest will likely increase on both sides as NgU .. ultimately there will be more clarity than today
Bitcoin. “Like” lots of things but not the same as anything else .. and that’s where regulators trying to put new things in old boxes run into strife