'We are not going to put up with this': Tech giants warned on tax

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'We are not going to put up with this': Tech giants warned on tax
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Scott Morrison signalled his government would not shy away from tougher taxation on digital multinationals as he mounts a broader crackdown on the tech giants.

across the tech and media industries, and the government has threatened to escalate the crackdown if it does not see sufficient behavioural change in the tech sector by next year.

"We're very clear that we retain the right to take stronger action if it doesn't produce the right results," Mr Fletcher said, describing the government's announcements as a "reasonable balance" to ensure fair business dealings, protect competition in the market and protect users of online platforms.

To address the complex issue of levelling out regulation across old and new forms of media, the government will look at uniform classification rules and Australian content rules for streaming services.To protect consumers' data, it will examine changes to privacy legislation to boost protections and increase penalties for breaches.

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