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ATO Expecting To Collect $3 Billion in Tax Fines From Australian Cryptocurrency Traders This …

ATO Expecting To Collect $3 Billion in Tax Fines From Australian Cryptocurrency Traders This Season

Sydney, Australia, Sept. 30, 2019 (GLOBE NEWSWIRE) — As the Australian Taxation Office begins its crackdown on cryptocurrency trading, many everyday owners, traders, and investors in crypto could be at risk. Earlier this year the Australian Tax Office (ATO) announced that it will be allocating a billion dollars to track down and fine those who haven’t filed taxes on their crypto activity.