A planned capital gains tax increase to 47 percent in July 2027 is prompting some Australian crypto investors to move overseas. The report, written by Andrew Fenton and edited by Felix Ng on November 9, 2026, highlights growing concerns among traders facing the steep tax rate.
Exiting the country is not the only option available to affected market participants. The article notes that less extreme strategies exist to reduce an individual's tax obligations without changing legal residence.
For traders actively holding perpetual futures positions on exchanges like Bybit, Bitget, MEXC, or OKX, these proposed tax updates change nothing directly regarding funding rates, trading fees, or contract liquidity. Tax obligations are determined by a user's personal tax jurisdiction rather than exchange-level derivative costs.
Source: cointelegraph — Should you leave Australia to avoid paying 47% tax on crypto gains?