Do not be fooled by the name — the so-called "Netflix Tax" proposed by the Australian government in its 2015 Federal Budget does not tax Netflix. It taxes people who watch Netflix.
From July 1, 2017, foreign businesses that sell digital goods and services to Australians — from streaming platforms and music downloads to e-books — will have to charge a 10% Goods and Services Tax (GST)
In his budget speech on Tuesday night, the Treasurer Joe Hockey said it was unfair overseas-based businesses selling services into Australia do not always charge the GST, while local businesses are forced to. He suggested the initiative would "level the playing field." Read more...
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