> 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
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