Loading...
Market
Tax Evasion Prosecution Outcomes for Crypto Traders
4
Resolution / Starting Odds
No charges filed • 33%
Charges filed but not prosecuted • 33%
Charges filed and successfully prosecuted • 33%
Court records and official legal announcements in Australia
Story
Australia Targets 1.2M Crypto Traders in Tax Evasion Crackdown
May 7, 2024, 06:00 AM
The Australian Taxation Office (ATO) has initiated a significant crackdown on tax evasion by demanding personal data and transaction details from up to 1.2 million cryptocurrency traders. The data requested by the ATO includes dates of birth, phone numbers, social media accounts, bank accounts, wallet addresses, and other transaction details. This move is part of a broader effort to identify and address tax evasion among users of digital tokens.
View original story
Similar markets
Increased tax revenue • 33%
Legal reforms for crypto taxation • 33%
Public backlash and protest • 33%
Significant reduction • 33%
Moderate reduction • 33%
Minimal or no reduction • 33%
Guilty • 25%
Not Guilty • 25%
Case Dismissed • 25%
Case Settled • 25%
Charges re-instated with fines • 25%
Charges re-instated without fines • 25%
Charges dismissed • 25%
Ongoing litigation • 25%
Significant positive impact • 33%
No significant impact • 34%
Significant negative impact • 33%
No action taken • 33%
Fines imposed • 33%
Other sanctions • 33%
Increase in crimes • 33%
Decrease in crimes • 33%
No significant change • 34%
Dismissed • 50%
Not Dismissed • 50%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Impact • 25%
Negative Impact • 25%
Increase in similar lawsuits • 25%
Formal guidance issued • 25%
Both lawsuits and guidance • 25%
No significant changes • 25%