The Australian GST landscape has changed since 1 July 2017 with the introduction of the following three main changes:

(i) GST imposed on the supply of digital products and services to an Australian consumer

(ii) GST applicable to offshore supplies of low value goods into Australia

(iii) the introduction of GST withholding on new residential property sales.

Required:

Answer the following three questions IN YOUR OWN WORDS; i.e., no copying and pasting.

You are required to prepare a report in which you research, analyse and evaluate these three recent changes to the GST regime and examine the policy behind the changes. Your report should include an analysis of the following:

1. The impact of the changes using examples to highlight your analysis (3 x 4 =12 marks).
2. Whether the changes are good tax policy (4 marks).
3. What alternative approaches could have been implemented (4 marks)?