Monthly Archives July 2015

Spain’s Google Tax Proves Unsuccessful

July 31, 2015 Taxation in Spain

BARCELONA – Spain’s Google tax has suffered a spectacular failure, leading to losses of readers and profits.

The “Google Tax” enacted in Spain in 2014 has had a significant negative impact on publishers in the country, according to the result of a new study commissioned by the Spanish Association of Publishers of Periodical Publications.

The tax is charged on website which aggregate news stories, such as Google News.

As a result of the tax, many news aggregator sites ceased operations in the country entirely.

According to the results of the study, news websites in Spain saw a significant decrease in traffic over the first three month of the year as a result of the closure of the news aggregator sites, with a disproportionately high portion of the reduction being felt by smaller publi...

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Sugar Tax Will Reduce Obesity

July 30, 2015 International Tax Cooperation

LONDON – Sugar can cause obesity and obesity-related health issues, and taxes are being considered as a means of curbing harmful consumption.

Taxes on sugar and sugar-filled products could help countless people shed weight and reduce the occurrence of Type II diabetes, according to information published in the international debate medical journal The BMJ.

Arguing in the debate for the imposition of taxes on sugar the adviser at the Ministry of Social Affairs and Health in Finland Sirpa Sarlio-Lähteenkorva claimed that taxes on specific unhealthy elements of a bad diet are good option, as such taxes would be easy to administer, making them a practicable step.

She added that a system such a sugar tax could target not only sugar-filled products such drinks, but all products, with the tax co...

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New Zealand Could Save $3.87 Billion Though Tobacco Tax

July 29, 2015 Taxation in New Zealand

WELLINGTON – The New Zealand government could save billions in healthcare costs if the government maintains its firm stance of annual tax hikes on tobacco products.

Earlier this week researchers at the University of Otago released the results of a new study showing that the country will see significant savings in health care costs, if the government persists with regular hikes to the rate of taxes levied on the sale of tobacco products.

The research simulated the impact that tobacco taxes would have on the instance of 16 various diseases commonly faced by smokers in New Zealand.

It was shown that continuing to raise tobacco taxes by 10 percent each year will result in the saving of 260 00 quality adjusted life years by 2031.

The decrease in the instance of the diseases will result in t...

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Australia Eyes GST on All Online Purchases

July 29, 2015 Taxation in Australia

CANBERRA – All online purchases in Australia could soon face GST, regardless of the price and the location of the supplier.

In radio interview on July 27th the Treasurer of Australia Joe Hockey indicated that the government may impose GST on all goods purchased online, with no threshold applied for low-value goods.

Currently, GST is not applied on imported goods valued at less than AUD 1000.

Recently it has been proposed that the threshold be lowered significantly in order to capture online services such as Netflix.

The proposal was for the threshold to be set at AUD 20, however, during the interview the Treasurer indicated that the threshold could be removed entirely, with the tax being applied to absolutely all purchases.

While discussing the practicality of collecting the tax, the Tr...

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New Zealand May Look At Stamp Tax on Property

July 28, 2015 Taxation in New Zealand

WELLINGTON – The New Zealand government may impose a tax on overseas investors purchasing property int he country, in an effort to cool escalating house prices.

In a statement made on July 28th the Prime Minister of New Zealand John key indicated that the government may consider imposing a stamp duty, or other similar tax, on foreign citizens buying property.

Currently there is significant controversy in New Zealand caused by rising property prices, especially in Auckland, with a portion of the blame being put on foreign investors.

The government is currently claiming that there is not enough data to verify whether the rising prices of houses can truly be attributed to an influx of foreign buyers.

However, data on the residence of property buyers will be collected by national tax authori...

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