Written by: Roshan Dwivedi
Billions of dollars in additional revenue could be collected by applying GST to downloads of music and movies from international video on demand services such as Netflix, Treasurer Joe Hockey says.
The move would see popular overseas media streaming services, such as Netflix — which officially launched in the Australian market late last month — charged GST on their downloads.
State and territory treasurers agreed to work towards the change during the Council on Federal Financial Relations meeting in Canberra today.
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