Crypto is here to stay. Individuals, businesses, and banks have all jumped on board – so what does this mean for the ATO?
With millions of traders, thousands of coins and hundreds of exchanges worldwide, the crypto universe is vast, complex and innovative – and now, well and truly mainstream.
And, it’s not just the average Joe jumping on board with dreams of investing small and making it big in a short amount of time. Banks, super funds, and institutional investors are all investing in this risky yet highly profitable digital currency that seems almost impossible for any political body or government to regulate.
So what chance do authorities like the ATO have of trying to apply tax to crypto profits? And what are the implications of this for Australians compared to other countries?
In this episode of Think: Business Futures, presenter Stefan Posthuma talks to Roman Lanis, UTS Business School Associate Professor of Accounting, and Shane Brunette, founder of Sydney-based tech start-up Crypto Tax Calculator, about how the crypto landscape is evolving and what the future looks like for investors.
LISTEN > How is crypto taxed? | 8 March 2022 | 27 min
Guest bios
Associate Professor Roman Lanis on UTS experts
Shane Brunette on LinkedIn
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Think: Business Futures is produced by 2SER in partnership with UTS Business School.