From the ATO to TikTok and now carving out even more adventures as a founder, we get to know the awesome Harry Dell and learn about tax law in crypto and much, much more. He breaks down the myths and misconceptions about tax and it’s great to hear from a professional like him about the tax planning they do to keep founders safe (especially from laws not designed for them yet) as well as keeping processes efficient.

Thanks again to Shahirah Gardner of Finch.

Timeline below but a very important thing mentioned at 10:12 on the ATO wanting you to be long-term compliant.

This episode is also available on YouTube here https://www.youtube.com/watch?v=99WlBhqR88s

Timeline

• 0:00 – Intro to Harry and his journey into web3
• 4:44 – Tax 101 – Things that holders of Digital Assets need to be aware of
• 7:00 – What tools are suggested for helping with tax
• 7:45 – Cases where tax liabilities have been larger than portfolios
• 10:50 – How the ATO tracks what we do
• 13:45 – What kind of things likely trigger an ATO audit
• 15:39 – Consultations with Board of Taxation and others
• 19:58 – What’s timeline on getting clarity on taxation here
• 21:52 – What does community mean to Harry

Links

• Cadena Legal website is here https://www.cadenalegal.com.au/
• Jubi DAO website is here https://www.jubidao.io/

Our website is available at https://www.defi.org.au/

Check out our weekly newsletter available each Monday at https://australiandefiassociation.substack.com/

Join in on the conversation on our Discord at https://discord.gg/ZRCTDdsVEF

None of the content in this video should be considered financial advice.

#DeFi #blockchain #crypto #web3 #NFTs #GameFi #DAOs