Presenter: Will Fennell, Piper Alderman
Chair: Adrian Cartland, Cartland Law
When the vast majority of Australia’s current tax provisions were drafted, the boom in cryptocurrency and the mobilisation of personal labour and assets in the form of ‘sharing economies’ had not occurred. Consequently, taxpayer gains and losses derived through these currently emerging technologies are being taxed according to traditional taxation principles, leading to some unexpected outcomes for participants, particularly cryptocurrency investors.
This presentation covers: