The Greens will implement a Big Tech Tax to ensure companies like Meta, Google, Microsoft and Amazon are paying their fair share to support the Australian communities and consumers that spend billions on their services.<\/p>\n\n\n\n
The policy is expected to bring in approximately $11.5b in revenue over the medium term, according to independent analysis from the Parliamentary Budget Office. <\/em><\/p>\n\n\n\n Under the proposal, revenue in excess of $20 million earned from digital services in Australia will be taxed at a rate of 3%. Digital services include advertising, online marketplace services, user data, social media and cloud services.<\/p>\n\n\n\n To be captured under the tax, platforms would need to make more than \u20ac750 million in worldwide revenue. <\/p>\n\n\n\n Sarah Hanson-Young is Greens spokesperson for Communications & Senator for South Australia:<\/strong><\/p>\n\n\n\n \u201cCompanies that trade in Australia need to pay tax on the money they make in Australia. Global tech giants are making billions of dollars in revenue in Australia while paying very little in tax. <\/p>\n\n\n\n \u201cParliamentary Budget Office analysis of digital service revenue shows that in 2022-23 alone, Google raised more than $8.7billion, Amazon almost $6b, while Microsoft and Uber both earned over $2.9b.<\/p>\n\n\n\n \u201cIt\u2019s time the tech giants and the billionaire tech bros paid their fair share back to the Australian community. <\/p>\n\n\n\n \u201cA tech tax would raise approximately $11.5 billion over the medium term which could be invested in essential public services, like dental into Medicare and cost of living relief.<\/p>\n\n\n\n \u201cWe know this works overseas and it can work here. At least 12 other countries already have a Digital Services Tax including the UK, Canada, France, Italy, Spain, Austria, Portugal.<\/p>\n\n\n\n \u201cA digital services tax is the first step in reining in the astronomical power that big tech companies currently wield. Not only are they making super profits, they are harvesting and selling the personal data of millions of Australians and ripping off Australian journalists and creators.<\/p>\n\n\n\n \u201cThese big foreign owned corporations make huge profits off Australians and resist regulation at every turn. It\u2019s time they paid their fair share of tax.<\/p>\n\n\n\n \u201cWith a power sharing Parliament likely, the Greens will push for this policy after the election.<\/p>\n\n\n\n \u201cWe need to stand up for our national interest against Donald Trump\u2019s billionaire oligarchs like Zuckerberg, Musk, and Bezos.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The Greens will implement a Big Tech Tax to ensure companies like Meta, Google, Microsoft and Amazon are paying their fair share to support the Australian communities and consumers that spend billions on their services. The policy is expected to bring in approximately $11.5b in revenue over the medium term, according to independent analysis from … Continue reading “Greens \u2018Big Tech Tax\u2019 to raise $11.5b from global giants”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-31740","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=31740"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31740\/revisions"}],"predecessor-version":[{"id":31741,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31740\/revisions\/31741"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=31740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=31740"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=31740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}