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Woolies CEO Grant O'Brien Woolworths new chief executive, Grant O’Brien, has called on his fellow retailers to stop complaining about the $1000 minimum for the collection of Goods & Services Tax on imports. In a speech to the American Chamber of Commerce last weekO’Brien outlined Woolies ambitious plans for multi-channel retailing. He said that Click on the title to read more Woolies chief tells retailers to stop complaining about GST and online shopping Australian online shoppers won’t have to pay GST on purchases from overseas worth less than $1000, and nor will they have to pay customs duties. An official Productivity Commission inquiry into the retail industry today released its draft report, and recommended that the current $1000 low-value thresholds (LVT) should stay. It said Australia Post has Click on the title to read more Too costly to reduce GST, duty thresholds for online imports now, says Productivity Commission Australian government working documents released under the Freedom of Information (FOI) Act show online shoppers could face a Customs import processing fee if current GST and import duty exemptions are tightened. Collection of the fee would offset the cost to the government of the 90 extra staff that AUstralian Customs estimates it would need to Click on the title to read more Customs fee to hit online shoppers if GST threshold reduced Australian retailers are continuing their push for government protection from online shopping, and particularly protection from global online retailers. Many of the 100 odd submissions lodged with the Productivity Commission’s inquiry thus far have backed the retailers campaign to have GST levied on imports worth less than $1000, and for matching import concessions to be Click on the title to read more Retailers pushing for protection from online shopping Australian Customs has released details of some of the rorts it has discovered in its three month campaign assessing online shopping imports worth less than $1000. They included Playstation games worth more than $100,000 being declared as DVD’s with a value of just 100 Euro’s (i.e. approx $138), and jewellery worth in excess of $A27,000 Click on the title to read more Customs details onlineshopping rorts found in compliance campaign |
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