Discuss all things Australian Business and Finance here.
~CRYPTO SHIT~
>Capital Gains Tax is payable to ATO on all crypto transactions...
ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/
...but the ATO are considering changing their mind if they get enough feedback (so go give constructive feedback - e.g. "if crypto trading is taxed then the ATO will ultimately collect less revenue as people will not get involved in the crypto market at all")
lets-talk.ato.gov.au/PAG/news_feed/consultation-substantiating-cryptocurrency-taxation-events
~REAL SHIT~
>Sydney property prices continue to fall (but at a slower rate)
realestate.com.au/news/end-in-sight-for-sydney-housing-slump-as-price-falls-slow-over-march/
>RBA warns trillions of dollars worth of interest-only loans will become interest-and-principle loans soon, causing a potential economic crash as loan repayments increase by 40%
afr.com/news/economy/rba-flags-dangers-of-480b-in-interestonly-loan-resets-over-the-next-four-years-20180413-h0yppv
>Trump flip-flops on TPP, now considering joining it
abc.net.au/news/2018-04-13/donald-trump-reportedly-exploring-rejoining-tpp-trade-deal-talks/9652202
>Financial requirements for chain-immigration more than double
theguardian.com/australia-news/2018/apr/13/australia-doubles-financial-requirement-for-families-of-new-migrants
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Don't cash out for a year and keep all your gains
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Uber driver told me last night that Australia has the largest amounts of unmined gold and uranium in the world.
*** ya reckon this is true anons?
also oil reserves that may rival the saudis in south australia
check out all our water lads pic related
this is unironically the australian millenium
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also largest reserves of bitcoin
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Yeah really makes me think the potential of this country.
Getting those resources out of the ground seems no problem but other factors are stopping us.
