UK-style digital tax may hit local media

Original article by Andrew White
The Australian – Page: 21 : 31-Oct-18

Britain’s proposed digital services tax is primarily aimed at US-based technology companies, but experts suggest that traditional Australian media companies and online classifieds groups could be hit if the federal government introduces a similar tax. News Corp Australia, Fairfax Media, Seek, Domain and Carsales.com are among the local companies that could potentially be affected by any move to impose a digital services tax. The government will shortly release a discussion paper on the issue.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FAIRFAX MEDIA LIMITED – ASX FXJ, SEEK LIMITED – ASX SEK, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, CARSALES.COM LIMITED – ASX CAR, AUSTRALIA. DEPT OF THE TREASURY, GREAT BRITAIN. DEPT OF THE TREASURY, ERNST AND YOUNG, KPMG AUSTRALIA PTY LTD, WORLD TRADE ORGANIZATION

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