Menu
Business

Retailers praise expansion of GST to small online purchases

RETAILERS have praised the Federal and State treasurers' decision to remove the $1000 GST-free threshold for imported goods.

State and territory treasurers and Joe Hockey yesterday agreed to remove the threshold in 2017.

Retail Council chief Anna McPhee said the reform would keep the tax system "fair and efficient".

"This is sensible reform that delivers greater consistency in our consumption tax system and will mean similar goods and services consumed domestically are taxed equally," she said.

Announcing the change to the media, Mr Hockey denied expanding the tax was a broken election promise.

"These are integrity issues. If there is leakage of the GST, it is our responsibility ... unanimously with the states and territories to plug the hole," Mr Hockey said.

- APN NEWSDESK

Topics:  gst red tape retail



Environment groups walk away from NSW forestry negotiations

LOGGING LOGGERHEAD: Peace between environment groups and the NSW Government is threatened.

Agreements between government and environmentalists threatened

Regions declared big winners in SCU funding deal

ALL SMILES: Professor Shoemaker is thrilled by the deal struck with the Federal Government.

Funding deal puts Allied Health campus in Coffs back on track

Swimmer missing at Valla while others rescued along Coast

An IRB is searching the waters at Valla Beach for a missing swimmer.

Search for missing man caught in Valla rip will start again at 6am.

Local Partners