Some speculated that this was a reaction to a change in Australian tax laws that took place in 2016, but a Spotify spokesperson said the shift in the way it reports revenue had been part of a global evolution of its accounting practices and not in response to any specific rule change in Australia. The reason for the disparity is that Spotify is no longer running its Australian subscription income through its Australian division, with subscriptions instead handled by its parent company in Luxembourg, where corporation tax rates are much more favourable.
It’s estimated that Spotify’s userbase in Australia more than doubled between 20, although exact country-by-country figures are not available for either total userbase or premium subscribers. That’s despite the significant growth in premium streaming during that time. Spotify’s tax affairs in Australia have been put under the spotlight after the Australian Financial Review reported last month that the streaming service’s Australian division reported premium revenue in 2019 of just $416,000, compared to $129 million in 2016. Business News Digital Legal Spotify’s tax affairs in Australia under the spotlight By Chris Cooke | Published on Tuesday 16 June 2020
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