^ That's a good point about Bunnings
Kiting said...
Macroscien, this is exactly how this gov operates.
Make reactionary policy decisions to whoever lobbies the loudest. Think about it later, discover the consequences later.
Except they don't? They haven't.
Where is this in legislation, or in proposed legislation, exactly?
I like facts.
Last year the Productivity Commission found that lowering the GST threshold to $20 on imported goods would raise in excess of $500 million in tax revenues, but the cost of parcel processing using the current system would jump by almost $1.6 billion - three times the additional revenue collected.
theconversation.com/new-gst-for-online-shoppers-unlikely-experts-say-9408It's so obviously not going to work, which is the reason the $1,000 threshold exists, already. It's just Harvey and Co. jumping up and down and making noises.
Also, it could well be argued that Harvey's profit has dropped not because of internet competition but simply because the prices of the goods he is selling have dropped, and along with it his profit margin. Compare retail prices now to five years ago.
"If you don't sell on the internet you won't be in business" - 1995
on every item brought from overseas (?)
no wait.. they need to fire all posties that carry this now to your door...
