Federal teal independent MP Allegra Spender has called for the Albanese government to impose a revenue-based Digital Services Tax on Big Tech multinationals to protect the nation’s tax base.
In a submission to the Productivity Commission’s ‘5 Pillars Productivity Inquiries’, Ms Spender said changes to the economy – especially through AI – needed to ensure tax settings are “robust” and capable of collecting revenue from companies with significant businesses in this country.
Other parts of the world had introduced digital services taxes to address the erosion in the tax base, given the ease with which multinational tech providers are able to shift profits to low tax jurisdictions.
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