Greens say Australia should introduce a 3% tax on revenues beyond $20m if a company makes more than €750m worldwide
Get our breaking news email, free app or daily news podcast
The top 16 tech companies are collectively making $26.7bn in revenue each year from Australians, a Parliamentary Budget Office analysis has found, as the Greens call for a 3% tax on the biggest players that would bring in more than $11bn.
The analysis, conducted on behalf of the Greens, found in 2022-23 Google made $8.7bn across advertising and cloud services, Microsoft made $2.9bn, Meta made $1.3bn and Amazon made close to $6bn across its range of services.
Sign up for Guardian Australia’s breaking news email
About Author
More Stories
US consumers warned to brace for higher prices due to Trump’s tariffs
Australian Tesla sales plummet as owners rush to distance themselves from Elon Musk
Trump temporarily spares carmakers from US tariffs on Canada and Mexico