"Australia's latest national budget eliminates goods-and-services tax (GST) on bitcoin purchases.
The cut, announced today by the Australian Department of the Treasury, brings an end to a years-long controversy over the way consumers faced the prospect of paying double GST when first buying, then spending digital currencies.
The government began looking into the matter in mid-2015, and the removal of the tax comes just days after officials reaffirmed their pledge to resolve the issue. If the new budget is approved, the policy will go into effect on 1st July, according to the Treasury Department..."
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