Australian government has announced plans to tax all digital transactions, part of what treasurer Scott Morrison calls a “Tax Strike” on the growing digital economy.
The government is currently unable to tax Australia's USD 7.37 billion annual online transactions.
As Australia moves towards a modern cashless economy, the aim is to also ensure tax systems remain modern.
Google and Netflix taxes have also been imposed to ensure MNCs and online services were paying tax properly.
Government is aiming at proper taxation for all digital sales in Australia to ensure everyone is paying their fair share of tax.
