October 2, 2018 Australian Treasury releases discussion paper on taxation of digital economy On 2 October 2018, the Australian Treasury released a discussion paper on a fairer and more sustainable tax system for the digital economy in Australia, as announced in the 2018 Federal Budget. The discussion paper does not provide any recommendations on taxation of digital activities. The paper includes detailed discussion on long-term solutions and interim solutions including the European Union1 and global consideration of a turnover tax on digital activities. Treasury is seeking feedback by 30 November 2018 in relation to 13 discussion questions on areas including:
Endnote 1 See EY Global Tax Alert, ECOFIN discusses the Commission's proposals for taxation of digitalized activity, dated 11 September 2018. ——————————————— For additional information with respect to this Alert, please contact the following: Ernst & Young (Australia), International Tax Services, Sydney
Ernst & Young (Australia), International Tax Services, Melbourne
Ernst & Young (Australia), International Tax Services, Perth
Ernst & Young (Australia), Indirect Tax, Sydney
Ernst & Young (Australia), Tax Policy Services, Sydney
Ernst & Young (Australia), Tax Policy Services, Melbourne
Ernst & Young LLP, Australian Tax Desk, New York
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