Tuesday, January 4, 2011

Aussie Retails Giant Push for Online Tax

Retail giant like Harvey Norman and Myer are pushing th government make changes to Australia Tax due to recent trends in online shopping internationally.

Due to recent surge in the Aussie dollar (and other factors) have encouraged spending overseas online, which also comes with the added benefit of no tax with spending sub-$1000.

Gerry Harvey, and other retail outlets, are pushing the government to either remove local taxes from sub-$1000 goods or apply the same tax to international purchases. Harvey Norman and Myer claim that to these lack of taxes, long-term results will include reduction in part-time/casual hours, and manufacturing and logistics just to name a few.

The government has said they have little interest in modifying Australia Tax law and see no immediate concern. Consumer group Choice have said that this push from the big retailers is nothing but scare tactics and retailers should recognize that consumers are simply sourcing lower prices.

Source: http://bit.ly/iaBdNX 

1 comment:

  1. Its good to know that Australia's government are taking action with the tax issues.

    ReplyDelete