Australia could tax Google, Facebook and other tech giants with a digital services tax – but don’t hold your breath
- Written by Fei Gao, Lecturer in Taxation, Discipline of Accounting, Governance & Regulation, The University of Sydney, University of Sydney
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...
