Since the advent of the Industrial Age, governments have found it more convenient to force businesses into an unpaid role as their tax collectors. While this efficiency has helped spur the uncontrolled expansion of governments, that policy has generally been confined to shaking down businesses in their own nation/state.
At least till now.
The always interesting Martin Armstrong has written an essay on Australia's recent decision to force a foreign business to collect taxes from Australian citizens for their international purchases. While a startling indication of how desperate the Australian government is for revenue, I think the larger picture is that all of the bankrupt governments will be forced into ever more desperate attempts to seize revenues. With global debt to GDP running over 375%, this Australian shakedown is just the beginning. You should expect more of such government lawlessness and arrange your affairs accordingly. KWM
From Martin Armstrong:
"People who think that Trump alone embarked on protectionism, really need to look around the World. Australians have been blocked by Amazon from buying anything from their US site because the government has imposed effectively a tariff of 10% on anything an Australian may purchase under $1,000 from the internet overseas. The Australian government is violating international law demanding that anyone selling anything on the internet must collect a 10% tax from an Australian and pay it to the Australian government."
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