Post
Topic
Board Service Discussion
Re: Australian coinjar.com to charge 10% GST on all AUD->Bitcoin sales
by
Bizzaran
on 30/09/2014, 11:16:32 UTC
This is some bullshit. In a sane world, GST would only be applied to the fees that Coinjar charges, not the entire amount. They're treating it as an everyday good and not a currency or even a commodity, and trying to shoehorn it into their existing rules on bartering which makes zero sense. This is going to kill (legitimate) Bitcoin adoption in Australia.