The international adoption of tax on digital services has made for differing legislations across jurisdictions, but a common trend is the move from supplier-based to destination-based taxation.
The 2016-2017 South African Budget, announced by minister of finance Pravin Gordhan on February 24, proposes tax hikes and government spending cuts to counter recent downgrades to the nation’s credit rating.
Hong Kong’s 2016-2017 Budget was announced on February 24. Financial secretary John Tsang proposed tax deductions intended to increase foreign corporate interest and stimulate local investment.
In a recent Senate Estimates hearing Chris Jordan, the Australian commissioner of taxation, targeted six multinationals that have been avoiding tax, as part of the Australian Taxation Office’s (ATO) initiative to enforce tax transparency.
