<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><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; widows: 1;" class=""><b class="">Australia: Feb 10</b></div><div style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; widows: 1;" class=""><font face="Arial, Helvetica, sans-serif" class=""><span style="font-size: 12.16px; line-height: 17.024px;" class=""><br class=""></span></font></div><div style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; widows: 1;" class=""><font face="Arial, Helvetica, sans-serif" class=""><span style="font-size: 12.16px; line-height: 17.024px;" class="">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;" class="">‘</span><span style="font-size: 12.16px; line-height: 17.024px;" class=""> </span><span style="line-height: 17.02400016784668px;" class="">Netflix</span><span style="font-size: 12.16px; line-height: 17.024px;" class=""> Tax</span><span style="line-height: 17.02400016784668px;" class="">’. </span></font><span style="font-size: 12.16px; line-height: 17.024px; font-family: Arial, Helvetica, sans-serif;" class="">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;" class=""> </span></div></div><div class=""><br class=""></div><div style="widows: 1;" class=""><font face="Arial, Helvetica, sans-serif" class=""><span style="line-height: 17.02400016784668px; background-color: rgb(255, 255, 255);" class="">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);" class="">This is a policy issue we may be having in Kenya very soon, if it is hasn’t started as yet. </span></div><div class=""><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; widows: 1;" class=""><br class=""></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" class="">http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u</a><br class=""><div class="">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><font size="1" style="font-family: arial; widows: 1; background-color: rgb(255, 255, 255);" class="">---</font></div><div class=""><font size="1" style="font-family: arial; widows: 1; background-color: rgb(255, 255, 255);" class="">Moses Karanja | </font><font color="#93c47d" style="font-family: arial; font-size: small; widows: 1; background-color: rgb(255, 255, 255);" class=""><a href="https://twitter.com/Mose_Karanja" target="_blank" style="color: rgb(17, 85, 204); font-size: x-small;" class="">@Mose_Karanja</a><span style="font-size: x-small;" class=""> | </span></font><font color="#000000" style="widows: 1; font-family: 'trebuchet ms', sans-serif; font-size: x-small; background-color: rgb(255, 255, 255);" class="">PGP: </font><span style="color: rgb(34, 34, 34); widows: 1; 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);" class=""><a href="https://pgp.mit.edu/pks/lookup?op=index&fingerprint=on&search=0x1529552F" target="_blank" style="color: rgb(17, 85, 204);" class=""><font color="#6aa84f" class="">0x1529552F</font></a></span></div><div class=""><br class=""></div></div><br class="Apple-interchange-newline"><br class="Apple-interchange-newline">
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