Australia’s new ‘digital’ tax is a boon for the internet and Australia’s economy

The Turnbull government has announced it is putting the finishing touches on a “digital tax” which would see internet users pay tax on what they post online.

Photo: Andrew Meares A statement from the Prime Minister’s Department said the “Digital Tax” was aimed at making the internet more reliable and fair and would “make it easier for Australians to share their experiences, information and opinions on the web and beyond”.

“We have a digital society and Australians know how important the internet is to their daily lives and we want to ensure that the Australian economy benefits from that,” the statement said.

The statement did not mention the “digital” tax itself, which is currently being assessed by the Federal Government’s digital watchdog, the Information Commissioner.

Mr Morrison said in a statement that the digital tax was a “major opportunity” to bring transparency to the Australian tax system and that he had “been engaged with experts and the media to provide a better understanding of the proposal”.

“This is a great opportunity for Australians across all age groups to share what they do and share it safely and securely across the web,” he said.

“The Digital Tax is designed to bring together a number of stakeholders to discuss how it can be implemented across the country.”

The Digital Tax was put forward by the government as part of its plan to make the internet “more reliable and fairer”.

It is not known how much the tax will cost.

Mr Turnbull’s government also said the Digital Tax would help boost the nation’s digital economy.

“We want to create an economy that works for everyone, not just the wealthy,” the Prime Minster said in the statement.

“In order to ensure this, we have introduced measures such as the Digital Transaction Tax, which will provide incentives for online businesses to set up in Australia, such as paying GST, to operate in Australia and to pay GST on any online transactions.”

The Prime Minister said he would also make sure that “the Australian people know what they pay tax in”, including online payments.

“For example, we will set out a detailed plan in the Budget this year to ensure Australians understand the cost of their online purchases, and that this information is made available to Parliament,” he added.

“This will ensure that Australians have a clear understanding of what they are paying in tax and how it is being used.”

Related Post