The European Union has levied the value added tax on nonresident suppliers of telecommunications, broadcasting, and electronic services, regardless of scale, since January 2015. Nonresident businesses are required to charge the customer the tax at the rate applying in the customer’s country, removing the competitive advantage held by digital companies located in countries with low value added tax rates. This new value added tax has raised more than €3 billion for the European Union. Australia adopted a similar approach in July 2017. Singapore announced in its February 2018 budget that a goods and services tax will be imposed on imported services, including digital services such as music and movie streaming, starting in January 2020. Other advanced economies with indirect taxes on the digital economy are Japan, the Republic of Korea, New Zealand, Norway, the Russian Federation, and South Africa.