Business

Calls for online purchases tax

THE National Retail Association has called on the Federal Government to pass laws requiring foreign online retailers to pay the same taxes and duties as Australian businesses.

An Aussie Retail Jobs Act was vital, the NRA said, to protect the livelihoods of thousands of Australian workers.

The call followed the release of a report by the Federal Government's Low Value Parcel Processing Taskforce which was charged with addressing concerns about the tax treatment of foreign online retailers.

Under the Federal Government's tax regulation, known as the Low Value Threshold, foreign-based online retail giants currently do not pay any taxes or duties on items worth less than $1000 that they sell into Australia.

"Australians can no longer stomach foreign-based online retail giants such as Amazon, eBay and Macy's growing at the expense local small to medium sized businesses that so many Australians rely on," NRA executive director Gary Black said.

"The reality is the Federal Government has the legislative power to stop the loss of thousands of retail jobs across Australia," Mr Black said.

A report by Ernst and Young, which was commissioned by the National Retail Association earlier this year, found that a continuation of the Federal Government's current tax regulations for online goods could cost the Australian retail industry 33,400 local jobs and see foreign based online retailers capture 75% of Australia's online retail market by 2015.

Topics:  jobs, national retail association, online business, retail




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

We are more likely to die avoidable deaths

Special report reveals shocking health statistics

Sandy Creek crash

KART ACTION: Karts flying at Sandy Creek Raceway today

Kart rollover at Sandy Creek

Rodeo tradition remains

The floral window competition will return to rodeo week this year

Rodeo tradition to carry on

Latest deals and offers


Tom works out

The Voyage Fitness crew help Tom hardy with his workout.

RACQ releases SE Qld's worst choke points

Paul Turner, RACQ

Paul Turner from RACQ talks about our worst roads at peak time.

British family bashed in Thailand

Family beaten and kicked unconscious by gang in Thailand.

Family beaten and kicked unconscious by gang in Thailand.

Mayor: confidence is key to filling empty shops

Former Destination Southern Downs business implementation manager Tracy Dobie has announced she will be running for Mayor. Photo Contributed

Dobie to lead economic development committee

Warwick commercial property market in ‘decline’

The old Mango camping store on Albion St is for sale/lease at the moment. It's been empty since late February after housing the camping business for 10 years.

Business confidence affects commercial property sales

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.