The government’s so-called ‘Netflix tax’, details of which were revealed yesterday by Treasurer Joe Hockey, will bring in $350 million of additional GST revenue to the states and territories over forward estimates period covered by tonight’s budget.
Tonight’s budget included more detail on the anti-tax-avoidance measures announced yesterday by Treasurer Joe Hockey.
Pay TV provider has backed a move by the federal government to levy the GST on online services and sellers of digital goods that have Australian customers.
The government will collect the GST on online services such as Netflix and digital downloads such as games and movies.
Multinational tech companies that use complex profit-shifting schemes to minimise the corporate tax they pay within Australia are likely to be slugged by new anti-avoidance measures announced today by the government.