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Australia’s Crypto Crackdown: ATO Seeks Data from Exchanges To Identify Tax Discrepancies

Australia’s Crypto Crackdown: ATO Seeks Data from Exchanges To Identify Tax Discrepancies


Bitcoinist
2024-05-08 23:30:25

The Australian Taxation Office (ATO) is targeting approximately 1.2 million cryptocurrency-related accounts to tighten the noose on tax discrepancies. According to Reuters, this step marks an approach by the Australian government to “crackdown on users who may be failing to pay their taxes amid a rising interest in digital tokens.” Related Reading: IRS Reveals Preliminary


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