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Australian Tax Office says it can’t rely on crypto users’ own records By Cointelegraph


The Australian Tax Office (ATO) says it can’t rely on crypto buyers to maintain observe of their crypto transactions and income — despite the fact that most buyers attempt their greatest.

Speaking on the 14th International ATAX Conference on Tax Administration convention on Nov. 23, ATO commissioner Chris Jordan burdened that many new crypto buyers might not totally perceive their tax reporting obligations:

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