Sep 8, 2026 – 5.00amThe Australian Taxation Office has unveiled a contentious new rule to tax United States digital giants, including Amazon, Google and Netflix, potentially billions of dollars extra on their cloud computing and streaming services, escalating a dispute with the Trump administration.The ATO on Friday released a final ruling on taxing software revenue earned in Australia and transferred offshore to overseas headquarters.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles