[kictanet] Australian Treasurer proposes 'Netflix Tax' for digital imports

[Mose Karanja]

Australia: Feb 10

Digital products such as books, movies, games, apps and e-books purchased by Australians from overseas could soon attract the Goods and Services Tax (GST), popularly ‘ Netflix Tax’. The Treasurer (equivalent of Kenyan Cabinet Secretary of Finance) argues that this will level the playing field between Australian and overseas businesses. Importantly, for the government especially, is the possible USD60 Million tax that can be collected annually.

The EU and Japan are seen as trend setters on this. This is a policy issue we may be having in Kenya very soon, if it is hasn’t started as yet.

Link to the story: http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u <http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u>
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Moses Karanja | @Mose_Karanja <https://twitter.com/Mose_Karanja> | PGP: 0x1529552F <https://pgp.mit.edu/pks/lookup?op=index&fingerprint=on&search=0x1529552F>




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