Australian Taxation Office news and trends

Bitcoin Daily: Investors Reimbursed For $2M Hacker Losses By IOTA Exec; Australia To Focus On Crypto Holders For Audits; France Wants Testing Ground For EU Security Tokens; ICOBox Fined $16M For Selling Unlicensed Securities

March 12, 2020
Cryptocurrency
Aussie Tax Office Warns SMBs To Pay Up
B2B Payments // February 12, 2020

The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences like a reduction in credit rating, Mozo reported on Wednesday (Feb. 12). Laws that were passed in 2019 empowered the...

Aussie Tax Reg: Cash-Only SMBs Dodging Taxes
B2B Payments // August 27, 2019

The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au reported Monday (Aug. 26). The nation’s Australian Taxation Office (ATO) warned Monday (Aug. 26) that there is an $11.1 billion...

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Bitcoin Daily: Investors Reimbursed For $2M Hacker Losses By IOTA Exec; Australia To Focus On...

March 12, 2020
The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk reported. David Sonstebo, the distributed network’s founder, reportedly will use his own IOTA holdings to pay back those impacted by the incident. The founder had publicized that he would repay victims himself after […]