Coin Loft news
Why Coin Loft Customers Won’t Pay Australia’s 10% Bitcoin Tax
Coin Loft finds a workaround to an Australian tax law that had previously meant taxes would be applied to the total value flowing through bitcoin exchanges in the country. Users will now save 10% of value on transactions when using Coin Loft's platform. Digital currency exchange and wallet platform Coin Loft announced yesterday it was no longer to charge the Australian “goods and services” tax upon the total value of BTC transactions on its service. Following a ruling by the Australian tax authorities in 2014, bitcoin has been classified as a separate entity from “money,” and were therefore subject to …
Bitcoin / Jan. 27, 2015