<p dir="ltr">The interesting question for us will be: what is this level playing field that we will be creating if local businesses are heavily taxed even during the startup stages?</p>
<div class="gmail_quote">On 10 Feb 2016 6:05 pm, "Mose Karanja via kictanet" <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div style="word-wrap:break-word"><div><div style="margin:0px;padding:0px;border:0px;font-size:12.16px;font-family:Arial,Helvetica,sans-serif;vertical-align:baseline;line-height:17.024px"><b>Australia: Feb 10</b></div><div style="margin:0px;padding:0px;border:0px;vertical-align:baseline"><font face="Arial, Helvetica, sans-serif"><span style="font-size:12.16px;line-height:17.024px"><br></span></font></div><div style="margin:0px;padding:0px;border:0px;vertical-align:baseline"><font face="Arial, Helvetica, sans-serif"><span style="font-size:12.16px;line-height:17.024px">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 </span><span style="line-height:17.02400016784668px">‘</span><span style="font-size:12.16px;line-height:17.024px"> </span><span style="line-height:17.02400016784668px">Netflix</span><span style="font-size:12.16px;line-height:17.024px"> Tax</span><span style="line-height:17.02400016784668px">’. </span></font><span style="font-size:12.16px;line-height:17.024px;font-family:Arial,Helvetica,sans-serif">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.</span><span style="font-size:12.16px;line-height:17.024px;font-family:Arial,Helvetica,sans-serif"> </span></div></div><div><br></div><div><font face="Arial, Helvetica, sans-serif"><span style="line-height:17.02400016784668px;background-color:rgb(255,255,255)">The EU and Japan are seen as trend setters on this. </span></font><span style="font-family:Arial,Helvetica,sans-serif;line-height:17.02400016784668px;background-color:rgb(255,255,255)">This is a policy issue we may be having in Kenya very soon, if it is hasn’t started as yet. </span></div><div><span style="margin:0px;padding:0px;border:0px;font-size:12.16px;font-family:Arial,Helvetica,sans-serif;vertical-align:baseline;line-height:17.024px"><br></span></div>Link to the story: <a href="http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u" target="_blank">http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u</a><br><div>
<div style="color:rgb(0,0,0);letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div><font size="1" style="font-family:arial;background-color:rgb(255,255,255)">---</font></div><div><font size="1" style="font-family:arial;background-color:rgb(255,255,255)">Moses Karanja | </font><font color="#93c47d" style="font-family:arial;font-size:small;background-color:rgb(255,255,255)"><a href="https://twitter.com/Mose_Karanja" style="color:rgb(17,85,204);font-size:x-small" target="_blank">@Mose_Karanja</a><span style="font-size:x-small"> | </span></font><font color="#000000" style="font-family:'trebuchet ms',sans-serif;font-size:x-small;background-color:rgb(255,255,255)">PGP: </font><span style="color:rgb(34,34,34);font-family:'trebuchet ms',sans-serif;font-size:x-small;letter-spacing:0.28px;line-height:34px;white-space:pre-wrap;background-color:rgb(255,255,255)"><a href="https://pgp.mit.edu/pks/lookup?op=index&fingerprint=on&search=0x1529552F" style="color:rgb(17,85,204)" target="_blank"><font color="#6aa84f">0x1529552F</font></a></span></div><div><br></div></div><br><br>
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