Just as with all income and capital taxation issues, Bitcoin-based transactions require that suitable record-keeping practices are adhered to. Bitcoin transactions are public, and a permanent...
Investment in Bitcoin should be treated as any other investment in an emolument, “which could be converted into money might reasonably be regarded as money”, and taxed under the same provisions....
http://bastiat.org/fr/cqovecqonvp.html Basically, the GDP argument is based on the “Broken Window Falacy” of Bastiat. There are English versions of it (though I prefer the original). Old J M...
Many people have seen IPv6 as a simple addressing extension to the existing Internet and see few changes to the way we secure systems. These people cannot be further from the truth. IPv6 will...
In the English law, “true sale” incorporates the securitisation structures around existing receivables in two forms. We first have to address the risk that the purported sale would be...
Property (as defined in legal terms) as is associated with servers, routers, and information systems in general is known in the law as consisting of “chattels”. Servers are chattels. The data are...
1.1 Overview of the income-tax system From an Australian income-tax perspective, a taxpayer’s country of residence and the source of income are important. This is because an Australian resident...
I will discuss the current state of play in ICOs. In my posts, I will demonstrate categorically that no token sale is new, and that this myth and lie of “decentralisation” is completely unrelated...
In economic terms, we want to assign liability such that the optimal damage-mitigation strategy occurs. The victim of a breach will mitigate their damages where no damages for breach apply in...
1.1 Overview of the Australian GST system GST is a broad-based consumption tax, and is imposed on taxable supplies and taxable importations. It is generally the entity making the taxable supply...