[LINK] GST on internet sales

Marghanita da Cruz marghanita at ramin.com.au
Wed Nov 27 13:06:09 AEDT 2013


> Retail groups say lowering the threshold will help Australian business to compete with overseas shopping websites on price, and net the Government an additional $1 billion in GST revenue each year.
> 
> However, doubts remain about whether the cost of collecting the tax will exceed the amount of revenue raised.
> 
> At today's meeting, Treasury officials presented a range of options for lowering the threshold.
> 
> Queensland Treasurer Tim Nicholls says the states will examine the proposals in more detail.
> 
> "It does show in the first year or two that the costs of collection are higher than the revenue generated, but then the trend gets much more positive the longer you go," he said.
> 
> "Online retail sales are growing at 15 per cent per annum. It is a growing and significant distribution channel for sales at the moment in terms of the GST system."
> 
> He says there is no clear agreement among states about a new level for the GST threshold.
http://www.abc.net.au/news/2013-11-27/treasurers-pushing-for-gst-changes-at-meeting-with-joe-hockey/5119218
-- 
Marghanita da Cruz
Ramin Communications Pty Ltd
http://ramin.com.au/
Phone:(+61)0414-869202





More information about the Link mailing list