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06 May, 2014

Australian Taxation Office has said it will tax crypto-currencies such as bitcoin and litecoin and is believed to be considering at least four taxation methods as it canvasses financial and legal bodies. The Australian Bankers Association, the Law Council of Australia and the Institute of Chartered Accountants are among organisations being consulted on how bitcoin is to be taxed this financial year.

http://www.theaustralian.com.au/technology/tax-office-takes-aim-at-cryptocurrencies/story-e6frgakx-1226906524012#