Taxman's Tussle with Tech Titans: A New Front in Australia's Battle for Sovereignty The Australian Taxation Office (ATO) has issued a ruling that revenue from cloud computing and streaming services will be treated as royalties, subject to a higher tax rate.
This decision marks the latest development in Australia's ongoing battle with big tech.
In contrast to the high profile disputes over social media regulation and the News Bargaining Incentive, this move may seem minor at first glance.