Almost 80% of Australian consumers oppose reductions to the GST-free threshold on overseas online purchases, but any change will do little to quell their appetite to spend, new research reveals.
The Government has issued a response to the Low Value Parcel Processing Taskforce report, saying that it won't lower the GST-free threshold right away, but will begin preparing businesses cases and plans for reforming the parcel processing procedure in general.
Google and Apple have been reportedly singled out by the Federal Assistant Treasurer for using tax havens such as Ireland in order to reduce their tax bills on revenue generated in Australia.
The Federal Government is encouraging the public to “name and shame” the vendors of dodgy apps as part of an inquiry by the Commonwealth Consumer Affairs Advisory Council.
A major retail body is calling for action based on the findings of a report into parcel processing procedures, but the Federal Government and the Coalition continue to distance themselves from the issue.
The GST threshold and parcel processing flaws are among the issues the Australian Retailers Association will discuss at the first meeting of the Retail Council of Australia later this week.
The 2012 Federal Budget has lived up to its promise of delivering a “modest” surplus, with most of the measures announced also fairly modest.
Business groups have welcomed the Federal Government’s Budget tax loss carry-back measures, although concerns remain over business tax levels amid local and global economic conditions.
A roundtable hosted by the Council of Small Business of Australia and The Tax Institute has prompted calls for next week’s Budget to include a $30 million tax break for small business.
Labor Senator Mark Arbib has stepped down from his role as Small Business Minister, much to the exasperation of the small business sector, which will now have to deal with its fourth federal representative in five years.
Local group-buying sites are being warned to clean up their act or face “big stick” government intervention, following a spike in customer complaints over unclear policies, stock shortages and delays.
Businesses in the retail and telecommunications sectors have been granted a 12-month transition period to adjust to the new Australian Consumer Law, which comes into effect on January 1, 2011.