Coalition urged to end GST loophole

Retailers have stepped up their call for the removal of the $1000 GST-free threshold for imports, after new figures showed Australians spent more than $7 billion shopping on overseas online stores during the 2012-13 financial year.
The Bureau of Statistics figures – released as part of Australia’s trade balance data for August – showed the total value of low-value threshold imports from overseas retailers totalled $7.61 billion, helping to push the trade deficit further into the red.  Sydney Morning Herald – Read more…