Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The Labor government, in its six years in office, completely ignored the changes in the digital economy that were allowing the tax base to be eroded by large multinational companies. The reality is that the GST base in particular was being dramatically undermined—perfectly legally—by the emergence of so many transactions being conducted over the top, over the internet, by companies like Google and, more latterly in Australia, by Netflix and by others, such as Amazon, in terms of selling services and physical goods. This was the single biggest erosion of the tax base. It is not unique to Australia, but it has been happening for a very long time.

Mr Husic interjecting—

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