
Jedd dangerfield
1.6K posts

Jedd dangerfield
@giggsybott
it is what it is




🇦🇺 AUSTRALIA TO HIT CRYPTO INVESTORS WITH HIGHER TAXES Australia is preparing to scrap the 50% capital gains tax discount for assets held over 12 months and replace it with an inflation-based system. That means investors would only deduct inflation from their gains, instead of automatically getting half their profits tax-free. For long-term crypto holders, cashing out gains could mean much higher tax bills.



🇦🇺 AUSTRALIA TO HIT CRYPTO INVESTORS WITH HIGHER TAXES Australia is preparing to scrap the 50% capital gains tax discount for assets held over 12 months and replace it with an inflation-based system. That means investors would only deduct inflation from their gains, instead of automatically getting half their profits tax-free. For long-term crypto holders, cashing out gains could mean much higher tax bills.























