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The taxation of cryptocurrencies paper

Published on 24 May 18 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This paper covers:

  • what are cryptocurrencies?
  • the basics of blockchain
  • risks to the Australian tax system and recommended strategies.

 

 

 

Author profiles

Peter Murray CTA-Life
Photo of author, Peter MURRAY Peter is the leader of the firm’s Tax Division. Peter was previously a Senior Tax Partner at KPMG, with 30 years’ service. Peter specialises in tax issues impacting listed and privately owned corporate groups and managing tax disputes. His specific areas of specialisation include corporate group reorganisations, mergers and acquisition, including domestic, inbound and outbound investment, thin captalisation and debt/equity, capital/revenue characterisation, tax consolidation, repatriation of profits, trusts, application of the general anti-avoidance rules (GAAR), and tax risk management and dispute resolution. More recently Peter has been advising on the tax implications of investing in cryptocurrencies and initial coin offerings. Peter has been listed in The Best Lawyers in Australia in tax law every year since 2013. He is also a recommended tax lawyer in Australia and a leading tax lawyer in Victoria in Doyle's Guide to the Legal Profession. He is a Life Member (CTA) of The Tax Institute, Fellow of the Institute of Chartered Accountants in Australia and New Zealand and Member of the Australian Institute of Company Directors. Peter is currently a member of the ATO General Anti Avoidance Rule (GAAR) Panel and a past President of The Tax Institute. (Kathy updated for Tax and Innovation Day) - Current at 24 August 2018
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Joni Pirovich
Joni is highly regarded for her client advisory and policy work with respect to the legal and tax implications of blockchain and digital assets. Increasingly, she is working with clients and universities to develop smart legal contract templates so that, by design, laws are complied with and investor and consumer protections are upheld. Joni is a recognised thought leader, being named a finalist in the 2018 Lawyers Weekly Awards and the 2019 Blockchain Australia Awards. In 2019, Joni participated in the roundtables as part of Treasury’s review in Initial Coin Offerings, National Blockchain Roadmap consultations with the Department of Industry, Innovation & Science and was an Australian delegate to the OECD Global Blockchain Policy Forum in Paris. Joni is a Fellow of Blockchain Australia and an industry mentor for RMIT Online’s Blockchain Business Strategy course. - Current at 16 October 2019
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This was presented at NSW 11th Annual Tax Forum .

Get a 20% discount when you buy all the items from this event.

Individual sessions

The taxation of cryptocurrencies

Author(s):  Peter MURRAY,  Joni PIROVICH

Materials from this session:


Have your client’s assets suddenly (and unexpectedly) been frozen/restrained under Proceeds of Crime Act orders?

Author(s):  Christopher CATT

Materials from this session:














The economy in 2018/19

Author(s):  Gareth Aird

Materials from this session:

The global world of superannuation

Author(s):  Chris Balalovski

Materials from this session:

Myth busting SMSF reforms implementation and ATO SMSF review activities

Author(s):  Mark WILKINSON,  Tara McLachlan

Materials from this session:

Update on trusts

Author(s):  Jay Prasad

Materials from this session:

Further details about this event:

 

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