Australia's new tax targeting e-commerce giants such as Amazon and eBay is set to deliver more than 300 per cent above the revenue predicted when the government introduced the policy. The tax requires overseas retailers to collect GST on all items under $1000 and the government had predicted it would collect A$70m over the entire first year of the new regime. "All of the major platforms have registered, and we've got a small number we are following up on," Ryce said. MRK LENNIHAN/AP Australia's new tax targeting e-commerce giants such as Amazon and eBay is set to deliver more than 300 per cent above the revenue expected. SUPPLIED In addition, the 'Netflix' tax has raised A$272m in its first year, or about 180 per cent more than expected.

Source: Stuff March 26, 2019 18:15 UTC