The Australian Tax Office (ATO) has cast a wide net to investigate crypto investors after classifying cryptocurrencies like bitcoin as ‘assets’ liable for capital gains taxes.
Earlier this year, the ATO published its guidanceon the tax treatment of cryptocurrencies. Highlighting bitcoin as an example, the authority said it viewed cryptocurrencies as neither money nor foreign currency but a property deemed an ‘asset’ for capital gains taxes (CGT).
“That means it’s subject to the same CGT provisions that apply to real estate and shares,” confirmed Liz Russell, a senior tax agent at a private online tax filing service. In revealing further insights on the ATO’s taxation policies, the tax expert stressed the authority also considers profits made from crypto-cash trades as capital gains
Australia’s Tax Office is Using a ‘100-Point’ Check System to Chase Crypto Traders
The 2024 NICAR data journalism summit — hosted in Baltimore by Investigative Reporters and Editors — surfaced scores of innovative reporting resources and tools, primarily for US data reporters GIJN curated these tips and databases for ones that are transferable to investigative and data reporters around the world, and we will share these globally relevant techniques in several stories in the weeks to come. In this first story from NICAR24, we highlight some new, free investigative tools on fact-checking, topic briefing, and journalist safety that were the subject of significant interest in the hallways at NICAR, and which could help reporters in almost any country right now…“
Liberal Party press releases and its website are showing up on the Google News tab as a source of information alongside queries about prominent current affairs searches, calling into question the technology giant’s verification of news material, according to one of Australia’s senior-most media and data experts.
Liberal Party press releases make a splash on Google News
Behind the scenes of David McBride's fight to clear his name. The former Australian military lawyer is credited with exposing war crimes in Afghanistan - but was that his intention when he released government secrets?