Tagged With australia tax

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The old subject of whether Aussies are paying too much for their tech rears its head whenever a new, expensive product hits the market. And I've been seeing a few people already complaining that Apple is charging their so called "Australia tax" here, bumping the price up on the new iPhones that were announced yesterday. So, are we being fleeced by Apple?

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On June 5, Adobe is jacking up its Creative Cloud (CC) software prices by a whopping 25 per cent. A 12-month subscription to the CC suite will now set you back $869.85 - compared to today's asking price of $695.88. In other words, if you plan to sign up to Adobe or renew an existing subscription, do it before June 5.

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A 40 per cent tax rate on multinational companies that use overseas tax havens to avoid paying tax in Australia was passed by the Senate last night. The diverted profits tax (DPT), also known as the “Google tax”, will begin on 1 July, 2017.

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The internet is abuzz with discussions about the profit margin on Apple's iPhone 7 after UK-based analyst firm HIS Markit did a teardown on the cost of the materials used to make the handset. So the total cost of parts for the iPhone 7 comes in at under $300 and the retail price for the device starts at $1079 in Australia. People seem to think that Apple is pocketing over $800 in profit for the sale of every handset. Nope. Not even close.

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Doing your own taxes has never been easier, with the ATO's Online Tax Return taking less than 15 minutes to complete on average. However, it's important to know how expenses work and what can and can't be claimed prior to filing your tax return. This multiple-choice questionnaire from the Australian Taxation Office is designed to test your knowledge on the subject. How many did you get right?

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Apple overnight updated the iPod Touch line for the first time in three years, with storage options ranging from 16GB to 128GB. They're available today, and for once, we're arguably getting them cheaper than in most of the US.

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Consumer watchdog CHOICE has launched a fresh investigation into local video game pricing. In a verdict that will surprise no one, it found that we're still paying artificially high prices compared to the US, with some PS4 titles receiving markups of nearly 50 per cent. Here's a look at some of the worst offenders.

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Australians pay almost 16 times more for prescription drugs than other developed countries, according to the latest report from policy think tank the Grattan Institute. The authors of the paper blame this pricing disparity on the way our government sets prices, with vested interests often influencing price negotiations.

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Dear Lifehacker, I was so excited about the announcement of the new Xbox One and PS4 at E3 on Tuesday and even happier when they mentioned the price. This excitement soon died when I released EB Games had priced the Xbox One for $100 more and the PS4 for $150 more than the announced price at E3. Why do us poor Australians pay such a large markup ? Are they overcharging? Thanks, Console Me