[AusNOG] Does Malcolm hate us already?

[Damian Guppy]

This is the "Netflix" tax that has been in the news for at least a year. It
was due to be introduced this week regardless of the leadership spill.
People are reading way way way to much into this, and I think it is a bit
of a stretch to call this a telco tax or a tax targeting the telco sector.
It is the Gerry Harvey tax if anything.

--Damian

On Thu, Sep 17, 2015 at 6:46 AM, Noel Butler <noel.butler at ausics.net> wrote:

> How is this bad? Unless you send all your clients to U.S. based hosting
> firms.
>
> It's also nothing new, there was well publicised talks from last years G20
> of global tax avoidance/offshoring crackdown by all G20 members, that was
> going on here still as recent as couple weeks ago with removal of the 1K
> limit of overseas purchases from 2017, I just see this as part of that.
>
> There have been many named bandied around for that position, Let's face
> it, Joe cant be worse then some, as someone else pointed out recently by
> some in Howards era.
>
>
>
> On 17/09/2015 08:30, Skeeve Stevens wrote:
>
> So.. I woke feeling all excited about the day, then read this news in
> which I wanted to cry.  Can't they give him a portfolio due with skill and
> experience... like Assistant Secretary for Regional Cow Dung Subsidies?
>
>
> From todays (20150917) Commsday <https://www.commsday.com/>:
>
> *Hockey enters mix for comms portfolio, introduces telco-relevant tax
> measures*
>
> Federal treasurer Joe Hockey has introduced new tax measures targeting
> multinationals that could help level the playing field between global cloud
> providers and their Australian counterparts. Hockey introduced the "tax
> integrity package" at the same time as rumours began to surface that he
> could potentially be the next communications minister.
>
> The ABC's Barrie Cassidy reported that Hockey had been offered a chance to
> remain in Cabinet and take up the communications portfolio, with Scott
> Morrison widely tipped to become the new treasurer. At a media conference
> to discuss the new tax legislation, Hockey would only say that he'd had
> discussions with new prime minister Malcolm Turnbull but would not be drawn
> on his future role.
>
> The legislation Hockey has now put before Parliament introduces a
> multinational tax avoidance package to ensure major international companies
> operating in Australia, but booking profits offshore, have to pay tax
> in-country.
>
> The measures will likely please Australian telcos competing against global
> cloud companies such as Amazon Web Services, Microsoft and others. At
> CommsDay's Wholesale and Datacentre Summit in July, Macquarie Telecom CEO
> David Tudehope said the tax issue was "one of the big sleepers" in the
> industry.
>
> "Nobody wants to pay any more tax than they have to, [but] there is a
> world of difference between what we do and what a number of competitors who
> are entering the cloud market do, where quite simply they make artificial
> arrangements... to pay absolutely no tax at all here in Australia,"
> Tudehope said at the time.
>
> Under a beefed up 'Multinational Tax Avoidance Package', Hockey announced
> that the legislation would target all multinationals operating in Australia
> with global revenues above A$1 billion. An estimated 1,000 companies will
> need to consider the new rules if they have economic activities in
> Australia but book their Australian sales revenue offshore.
>
> "This is part of the government's broader commitment to tax integrity, and
> further legislation in this area will be introduced imminently," Hockey
> said. "Our tax integrity package includes ensuring the GST applies to all
> digital products and services, along with lowering the GST Low Value
> Threshold to zero."
>
> The legislation also implements the OECD's country-by-country reporting
> regime and new transfer pricing documentation standards, which the
> treasurer said gave the Australian Tax Office a better picture of how
> multinationals companies operate internally.
>
> "This package of measures has been developed through an extensive feedback
> and consultation process undertaken by Treasury – along with the result of
> having Tax Office officials working within key multinationals operating in
> Australia," he said. "The Tax Office now has additional detailed
> information of how many of these companies structure their tax affairs to
> avoid paying their fair share."
>
> The makeup of the new Cabinet and any portfolio changes is not expected to
> be announced before the weekend or early next week.
>
> - Geoff Long
>
>
> ...Skeeve
>
>
> --
>
> Skeeve Stevens - The ISP Guy - Internet Provider SME
>
> Email: skeeve at theispguy.com ; Cell: +61(0)414 753 383
> Skype: skeeve; Blog: TheISPGuy.com <http://theispguy.com/> ; Facebook:
> TheISPGuy <https://www.facebook.com/theispguy>
>
> Linkedin: /in/skeeve <http://www.linkedin.com/in/skeeve> ; Expert360:
> Profile <https://expert360.com/profile/d54a9>
>
>
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