Why the rise of bitcoin presents a massive challenge for the taxman

There are some technological innovations which genuinely change the way we think about things – spreadsheets, ATMs, live pausing of television, streaming music services, satnav. Everyone has their own view on what those markers of change might be.

Bitcoin is such an innovation or, perhaps more correctly, crypto currencies are, of which bitcoin is only one. On Monday last, South Dublin County Council considered a motion to approve bitcoin as a legitimate way for the public...

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