Dr. Craig Wright isn\u2019t just the inventor of Bitcoin, he\u2019s also been an influential force on how governments have perceived the digital currency. In his latest article on his new website, titled \u201cThe GST Story,\u201d Dr. Wright tells the tale of the time he convinced Australia that the goods and services tax (GST) should not apply to Bitcoin. If you\u2019re unfamiliar with how GST works, Australia\u2019s Taxation Office (ATO) website describes it as \u201ca broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.\u201d When, in 2014, the government argued that this tax should apply to Bitcoin, Wright had to take the position that money, which is what Bitcoin is, should not be treated as either a good or a service. So he came up with a plan: \u201cI took around 31,000 XBT (Bitcoin), which was valued at around AU$30 million, and used the private ruling system to force the government into making a decision as to how they would treat Bitcoin and to show them that placing GST on money was rather insane.\u201d By conducting trades in Singapore, and then bringing the AU$30 million (approximately US$28 million at the time), a GST tax of AU$3 million would have applied. The scheme itself, simply because of fluctuations in price and trading fees, was guaranteed to cost Wright AU$50,000. The result was almost comical. Wright notes, \u201cIt was a rather surreal experience; the poor guy at the counter of the tourist refund centre did not know what to do. The computer had a field in the database that had a maximum value of $9,999,999.99, and he could not enter the amount that I was taking.\u201d Although the ATO tried to tax him on the amount, Wright filed for a refund and a private ruling. Thankfully for all Australians, the scheme worked. \u201cSo, for all of you have used bitcoin between 2014 and 2017, the fact that you haven't been paying GST on it is something you can thank me for,\u201d he concludes. Wright also tells an important story of his companies\u2019 tax situation in 2014-15, and how they had to navigate Australia\u2019s Research and Development tax incentives. It\u2019s worth heading over to read in full.