The UK has introduced a 2% digital services tax on the revenues that certain digital businesses earn from 1 April, in its 2020 budget which was presented to Parliament on Wednesday. Also announced was an increase of £22 billion in public sector research and development spending.
The head of Australia's national start-up advocacy group has described Tuesday's Federal Budget as a "missed opportunity" to provide strategic vision on the role that technology will play in Australia's economy.
Chartered Accountants Australia and New Zealand has called on the Australian Government to better communicate to Australian businesses the benefits of online services about to be implemented nationally.
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