Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath

Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath

Tada Images/ShutterstockTech giants like Google, Facebook and Netflix make billions of dollars from Australian users every year. But most of those profits are not taxed here. To address this tax gap, some countries have introduced a new kind of tax called the digital services tax, or DST. It applies to revenue earned from users in a country, even if the company has no physical operations there. Some European Union member countries, the UK and Ca…

Australia could tax Google and other tech giants with a digital services tax

Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath Tada Images/Shutterstock Fei Gao, University of Sydney and Richard Krever, The University of Western Australia Tech giants like Google, Facebook and Netflix make billions of dollars from Australian users every year. But most of those profits are not taxed here. To address this tax gap, some countries have introduced a new kind of …

Australia could tax Google, Facebook and other tech giants with a digital services tax - but don't hold your breath

Tech giants like Google, Facebook and Netflix make billions of dollars from Australian users every year. But most of those profits are not taxed here.To address this tax gap, some countries have introduced a new kind of tax called the digital services tax, or DST. It applies to revenue earned from users in a country, even if the company has no physical operations there. Some European Union member countries, the