Netflix, Inc. Australia Customers To Face Paying GST

2
Netflix, Inc. Australia Customers To Face Paying GST
NFLX Photo by Matt Perreault

Netflix and other non-Australian technology firms may soon be asked by the country’s government to collect a 10% percent goods and services tax from their customers in the region. The details of the GST would be mentioned in the Federal Budget due to be announced on Tuesday next week.

GST on Netflix to ensure level playing field

According to a report by Fairfax on Thursday, the Australian federal government is planning to charge a 10% GST on intangible services, such as movies, music, books, etc., available online on the websites of outside companies, for instance Netflix.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclu