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Blind to community': independent flags data centre tax

Key points

  • Independent ACT senator David Pocock has proposed a five per cent tax on the local revenue of artificial intelligence data centres, starting January 1, 2027. He made the proposal in a National Press Club address in Canberra, arguing that large companies pay little or no company tax.
  • The Parliamentary Budget Office estimates the policy could raise about $400 million within three years, though it said the figures are highly uncertain.
  • The Australian Academy of Science welcomed the proposal, which Pocock said would support homegrown technology firms.
Blind to community': independent flags data centre tax
Photo: Michael West Media

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Continue reading · Michael West Media
Disclaimer

This is an AI-generated summary based on reporting by Michael West Media. It may not reflect every detail of the original story exactly. Tap “Continue reading” above for the full, original article.

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