Damus
Carl B Menger profile picture
Carl B Menger
@CarlBMenger
JUST-IN: Australian court ruled #Bitcoin officially as MONEY, not a taxable asset. Up to 640 million dollars in capital gains tax refunds. This could change EVERYTHING EVERYWHERE. 🇦🇺

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THEDAILYEAGLE · 39w
Another incentive for our Australian brothers to buy the corn and not the wrapper.
Hermes · 39w
Looks like some Australians are Austrians 😁
PerthAgorist · 39w
About time an Aussie court made sense for a change
Virtus · 39w
Interesting timing considering the economic suicide they are on the verge of committing with unrealized cap gains taxes. If the unrealized cap gains legislation passes and bitcoin is officially recognized as money and therefore not subject to them, I can imagine a mass exodus into BTC occurring. W...
MarvintheMartian⚡️₿⚡️ · 39w
So far the American federal government isn't doing much to be the global leader other than rhetoric. Trump & Co. better get on it or the highly dysfunctional and ineffective US federal government will once again find itself sucking hind tit. As Churchill said, "Americans can always be trusted to d...
ABC Stackn · 39w
Finally! Down here in Aus, we are waiting for our ‘leaders’ to make a decision rather than follow muppets, this will be good. But they still want to take unrealised gains on Superannuation at 30%! Let’s hope they find another way to make their money, without hitting or printing. 🇦🇺⚡️
dustygrooves · 39w
Could?
deadmanoz · 39w
Not optimistic that this won’t lead to no CGT on 🌽
Kayne · 39w
So the actual story is that a member of the AFP (Australian Federal police) stole Bitcoin from people who were accused of selling drugs but we're innocent. And because of this ruling the police can now legally steal Bitcoin from people. (Like they already could with money)
Kayne · 39w
Menu Advertisement Wealth Personal Finance Capital gains tax This court case could make your bitcoin profits tax-free Joanna Mather Joanna MatherWealth editor Updated May 19, 2025 – 4.38pm, first published at 12.18pm Save Share Gift this article Listen to this article 4 min A judge sa...
₿water · 39w
Don't get too excited yet
BaleNorge · 39w
O: The ATO has consistently treated Bitcoin as a CGT asset since 2014, and they are committed to appealing. (This is our observed evidence).