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RE: Reconciling little things - Crypto tax issues

in LeoFinance2 years ago

Its really very saddening that most countries are looking at the option of taxing crypto

Agreed, but it is currency, an asset, and so is always going to be taxed; certainly here in Australia. You know, if I buy a watch then sell it for a profit the profit is taxed. It's the same for a car, shares, gold and silver...Its all taxed...Unless one wants to break the law and circumvent it. So, crypto is taxed in various ways to ensure the government get their piece of the pie...As always.