Tagged With netflix tax

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We have some good news and bad news for online shoppers. First, the good news: A proposed GST amendment - which will see GST extended to all goods bought overseas - has been delayed for another year.

Now for the bad news: It will almost certainly come into effect on July 1 2018, and the similar 'Netflix tax' kicks in at the end of this month. Better start stocking up on those streaming subscriptions and overseas goodies while the going's good.

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From July 1 2017, the Federal Government wants to apply the Goods and Services Tax (GST) to all digital products and services supplied into Australia. In practice, this means the amount of money you spend on software downloads and streaming services is set to increase across the board.

Here's everything you need to know about the so called "Netflix Tax" and how it will affect your wallet.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.