Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

Post by cba9 » Wed, Dec 09, 2015, 5:56 AM UTC

mikeyouse wrote: post #33

cba9 wrote: post #31

http://www.businessinsider.com.au/the-australian-who-may-hav... "Under the scheme, a company which turns over less than $20 million is eligible to apply for a cash rebate of 45 cents for every dollar spent on research and development activity. According to a press release in May, 2015, DeMorgan Ltd succeeded in its application for the rebate. That means DeMorgan were able to prove to AusIndustry that it had spent $12…

I've been through the ATO R&D tax rebate process with a business that had Australian operations, you need audited financials and it takes months of due diligence. As an example, we applied to the ATO with preliminary totals for our 2014 R&D spending in January of 2015, updated our application in March with our audited numbers, answered questions from the ATO for 3 months, had our application approved in June, and the…

Post by sillysaurus3 » Wed, Dec 09, 2015, 6:01 AM UTC

kanzure wrote: post #37

sillysaurus3 wrote: post #34

Earlier quoted context omitted.

(EDIT: There are some good points in the ensuing discussion below. I don't know what to think yet, but my comment here was unfair. Sorry, kanzure. And thank you to everyone who responded.) As far as I can tell, you're bullying gwern. Please stop. If you have a point, then make it clearly. Leave out speculation about "what would happen if it was a US no-knock raid." What, precisely, did gwern do? Their replies address…

I used to like the guy (this is crossing a line, for me) and I think he has lots of potential, but there's no reason for civilized society to tolerate anons recklessly calling in raids based on the accumulated weight of lots of non-evidence. When you make an accusation that someone is the richest person of all time, you are putting their life in danger and hanging your reputation on it. Standards of evidence here nee…

Post by imron » Wed, Dec 09, 2015, 6:03 AM UTC

cba9 wrote: post #27

2muchcoffeeman wrote: post #24

Earlier quoted context omitted.

> But if he's Satoshi, he can take the moral high ground and wage a media campaign to shame the ATO into dropping the case and maybe finally correctly treating Bitcoin as money. How does this help? If they treat it that way, wouldn't Wright have a huge income tax debt?

> wouldn't Wright have a huge income tax debt? Yes, but presumably he can pay it out of his Bitcoin fortune. He has to deal with that at some point anyway, and by going public now, he gains additional leverage on his VAT or tax credit or whatever the ATO has decided to get him for this time.

Post by sillysaurus3 » Wed, Dec 09, 2015, 6:10 AM UTC

eudox wrote: post #44

comboy wrote: post #40

Earlier quoted context omitted.

Whether he is or not, he clearly seems to want to be associated with Satoshi. So this is not exactly the Dorian case. This guy practically asked for it at the conference.

So the guy, out of narcissism or whatever, made some imprudent edits to old blogposts. Taking advantage of that to publish an unsubstantiated article that potentially puts someone's life at risk is, for lack of a stronger word, wrong.

Post by mikeyouse » Wed, Dec 09, 2015, 6:11 AM UTC

cba9 wrote: post #41

mikeyouse wrote: post #33

Earlier quoted context omitted.

I've been through the ATO R&D tax rebate process with a business that had Australian operations, you need audited financials and it takes months of due diligence. As an example, we applied to the ATO with preliminary totals for our 2014 R&D spending in January of 2015, updated our application in March with our audited numbers, answered questions from the ATO for 3 months, had our application approved in June, and the…

So it's difficult to successfully get it, and there's a lot that could go wrong and, say, prompt a lawsuit or criminal case?