Tax changes to bump clothing, electronics prices
Applying the GST to small purchases of goods from overseas sites could bring in $400 million to government coffers with the price of clothes and electronics bought online the heaviest hit, analysts say.
The Abbott government wants to slap GST on offshore online sales. Federal Treasurer Joe Hockey and state treasurers last week agreed to impose GST on downloaded music, movies and books, making them more expensive for consumers but bringing in extra federal revenue. The $1000 GST-free threshold for imports could also be lowered.
Retailers such as Harvey Norman boss Gerry Harvey and Solomon Lew have long pushed for the government to impose the GST on online sales. Sydney Morning Herald – Read more…
The Abbott government wants to slap GST on offshore online sales. Federal Treasurer Joe Hockey and state treasurers last week agreed to impose GST on downloaded music, movies and books, making them more expensive for consumers but bringing in extra federal revenue. The $1000 GST-free threshold for imports could also be lowered.
Retailers such as Harvey Norman boss Gerry Harvey and Solomon Lew have long pushed for the government to impose the GST on online sales. Sydney Morning Herald – Read more…
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