From July 1, Australia will be slapping a 10-percent value-added tax onto goods bought from Amazon. The aim: to fix the tax loophole encouraging "worldwide shopping." Amazon has responded by implementing changes.
Amazon is accused of a "systematic and coordinated" scheme to lure eBay's sellers since 2015. In the lawsuit, eBay claims that Amazon representatives targeted their sellers in the US and around the world.
US internet giant Amazon has said it will block Australian shoppers from its international websites. It's a move to counter new tax laws on online purchases and "the massive administrative burden."
A report accusing China of sneaking spy chips onto servers used by US firms like Apple and Amazon has led to a sharp tech sell-off in Asia. It could aggravate the already strained trade ties between the US and China.
The German cabinet has approved a draft law which would oblige online marketplaces such as eBay and Amazon to collect sales taxes for transactions involving foreign sellers.
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