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Jake Hill

Australian Tax Agency Target Crypto Traders

The Australian Tax Office(ATO) has launched a data matching program where they use third-party data related to cryptocurrency to improve the integrity of the tax system. According to Australian Financial Review, ATO’s new program will assist them to catch crypto investors who have failed to pay taxes. Currently,...

Jake Hill

EY Launches Cryptocurrency Tax Reporting Tool

Ernst & Young (EY) one of the “Big Four” accounting firms in the world has launched a tool for accounting and reporting cryptocurrency assets. According to AccountingToday, Ernst & Young has launched a tool called EY Crypto-Asset Accounting and Tax (CAAT) for tax calculations for the cryptocurrency transactions. This tool is made...

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