Australia to implement 10 percent ‘Netflix Tax’

Written on Thursday, 29 June 2017 06:37
Australia is introducing a 10 percent goods and services tax (GST) for the streaming service Netflix which will come into effect from July 1. It’s the first time such a tax will be applied to digital products and services purchased in Australia from overseas companies. Netflix confirmed to The New Daily in May that it would be adding the charge. A spokesperson said: “We collect and remit tax wherever we are legally obligated to do so.” The company hasn’t specified;…
US President Donald Trump recently met with tech leaders at the American Leadership in Emerging Technology event which was attended by executives from the country’s leading operators such as AT&T CEO Randall Stephenson and Sprint CEO Marcelo Claure. Trump said he will give US companies the competitive advantage they need to lead the way in new technological development. The White House event, which is part of FCC chairman Ajit Pai’s Tech Week in the US, centered on discussions about emerging…
The US government has announced that it is set to refocus its efforts on examining ways in which it can help speed up the process of taking new technologies to the marketplace. The Trump administration has announced its intentions to bring together a group of drone makers, wireless companies and venture capitalists to explore practices that will enable the commercialization of these technologies in a much more streamlined fashion. It has been confirmed that President Donald Trump will meet with…
200 million US citizens have had their sensitive personal data exposed accidently by a marketing firm contracted by the Republican National Committee. The data – which included 1.1 terabytes worth of information such as birth dates, home addresses, telephone numbers, and political views of about 62 percent of the entire US population – was available on a publicly accessible Amazon cloud server. The vulnerable data, according to a BBC report, was discovered by Chris Vickery, a cyber-risk analyst with the…
The Canadian heritage minister rejected a recommendation to introduce a new five percent tax on high-speed internet services in the country on June 15, just shortly after the proposed tax was made public by a parliamentary committee. Canadian politician Melanie Joly told Global news that “there are no plans for a new tax” on high-speed internet services such as Netflix, Apple Music and Crave. Joly added that the Canadian government is committed to reducing taxes, not increasing them. The Prime…
The United States is planning to increase its scrutiny of Chinese investment in Silicon Valley in an effort to protect what it describes as ‘sensitive technologies’ which are seen as vital to US national security. China has shown a particular interest in AI and machine learning and both technologies have received a significant amount of Chinese capital in recent years. The US has expressed concern that the cutting-edge technologies being developed in the US could be used by China to…
In Bristol, United Kingdom, the world’s first clinical trial of 3D-printed bionic hands for child amputees has begun. The technology is manufactured by a company called Open Bionics based in South Gloucestershire, launched four years ago. Upon success of the trial, the bionic hands will become available on the National health Service. “It’s awesome and it makes you feel confident,” said Tilly Lockey in an interview with BBC, a young girl who lost her hand due to meningitis. She has…
The European Commission has opened an “in-depth” investigation to assess the proposed acquisition of NXP by Qualcomm under the EU Merger Regulation. The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation in the semiconductor industry. Commissioner Margrethe Vestager, in charge of competition policy, said: “We use our electronic devices every day - mobile phones or tablets. As semiconductors are used in practically every electronic device, we are dependent on them in those…
German Chancellor Angela Merkel, speaking alongside Mexican President Enrique Pena Nieto during a visit to Mexico City, said the digital world needs concrete regulations similar to those that exist for financial markets in the G20 and for trade under the World Trade Organization. The Chancellor’s call for tighter digital regulation echo British Prime Minister Theresa May’s call for tighter international regulations on cyberspace, following the terrorist attack that took place on June 3 in London. Introducing new rules for cyberspace,…
The European Commission has determined that Croatia's €101.4 million Next Generation Network (NGN) Broadband plan is in line with EU state aid rules. This scheme aims to provide fast internet access where it is currently not available, in particular in rural areas. Commissioner Margrethe Vestager, in charge of competition policy, said: "Croatia's broadband scheme will bring faster internet to consumers and businesses that currently do not have it. It will help Croatia to put in place the necessary infrastructure for…
A $250 million project has been approved by the Zimbabwean government to implement more than 600 towers and base stations across the country to connect rural areas with low mobile connectivity. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) the towers will be shared by the nation’s operators. Supa Mandiwanzira, Minister of Telecommunications, said POTRAZ had received many complaints about the low level of connectivity available to people from across the African country, which influenced the regulator…
Following the terrorist attack that took place on June 3 in London, British Prime Minister Theresa May, called for tighter international regulations on cyberspace. Introducing new rules for cyberspace, she said, would “deprive the extremists of their space online.” May also insisted that technology companies are not doing enough to thwart terror groups online. The Prime Minister spoke outside Downing Street Sunday morning, the day after the attack, addressing the nation after the chaotic event in which a van drove…
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