KPMG launches Bitcoin tax estimator for Australian hodlers

In some countries you are liable for capital gains tax on any profits you make on your cryptocurrency hodlings. Calculating how much you owe can be confusing, but it just got a bit easier for Australian cryptocurrencers. Today, KPMG announced a new tool, the “Crypto Tax Estimator,” that helps Australian hodlers estimate how much tax they could owe as a result of their cryptocurrency tradings. The tool is currently only available on Australian cryptocurrency exchange Independent Reserve (IR) via an API. The API could theoretically be opened up to a wider range of platforms in the future, although there has…

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