Australian Tax Office targeting unreported crypto profits: 1.2m accounts investigation

The Australian Taxation Office (ATO) is seeking personal data and transaction details from crypto exchanges to crack down on potential tax evaders.

Finance Magnates has the details, here:

• Oversight of Crypto Tax Compliance
  ATO’s notice aims to identify individuals who may have failed to report their crypto transactions. It focuses on instances where crypto assets were exchanged or utilized for payments without proper tax declarations.

This article was written by Eamonn Sheridan at www.forexlive.com.