The ripple effects of Swift’s performances were felt across various sectors of the NSW economy. Hotel rooms were fully booked out, restaurants and bars experienced unprecedented foot traffic, and fans spared no expense on exclusive merchandise, further contributing to the economic windfall.
In a surprising revelation, tax lawyer Harry Dell shed light on the tax implications of Swift’s concert earnings. It was disclosed that Swift would have paid a substantial 30% tax to the Australian Tax Office, amounting to approximately $10 million in tax revenue from her Sydney shows alone, underscoring the substantial contribution to the public coffers.
Swift’s impact extended beyond NSW, with her performances in Victoria yielding similarly impressive results. Her three shows in Melbourne injected a staggering $174 million into the state economy, with fans splurging a collective $86 million in the accommodation, hospitality, and tourism sectors, indicative of the widespread economic benefits generated by her tour.
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