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- sneha on High school grades aren't everything im an asian and im a good student, im not amazing but i am usually getting above average scores around 80+. i may be asian ... more
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- fay silk on CFMEU's Grocon blockade unlawful: ... What a surprise! Not. The so called law courts would always rule against workers right to protest organize and withdraw ... more
- sad but so what?! on Hazel Hawke passes away What is she famous for? Being the ex-wife of Bob Hawke. That's it! Why is the media making such a big deal? Is this going to ... more
- Jean on London: Two more suspects arrested ... Words fail me as to how anyone could do such a cowardly and barbaric act to another human being. Its beyond belief that ... more
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- geert on Terror in London: UK soldier hacked to ... anyone remember geert wilders in australia 6 months ago i believe he was warning us about exactly this, wake up australia!!! more
- Matt - proudly Un-Australian on Jon Anderson rates the 'Four Kings': ... Hagler is my all time favourite boxer & I tried to copy him when I fought, except I wasn't a southpaw. Ray Leonard was the ... more
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Businessman Solomon Lew hits out at online GST rates
Businessman Solomon Lew says reducing the GST threshold for online purchases is in the national interest.
Currently online purchases under $1000 are exempt from the GST.
Mr Lew, who's company own businesses including Just Jeans, Smiggle and Peter Alexander, says the current system is disadvantaging both Australian retailers and shoppers.
"Why don't they allow the Australian shoppers, the public, to buy those products in Australia GST free and customs duty free?,”
“Why are the Australian public, who buy at retail stores, being penalised?" he questioned.
"As soon as you purchase something overseas, it goes on your credit card, that dollar goes overseas, not 1-cent stays in Australia,"
"Therefore Australian's will lose and are losing their jobs daily" he told Nick McCallum.
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Interest rates cut by .25 percent
INTEREST RATES: The Reserve Bank of Australia has delived a pre-Christmas interest rate cut reducing the official cash rate by a .25 percent to 3 percent.
Blog comments
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I have one thing to say.....
I bet Solomon Lew pays less tax than me.
......I'll get back to eating my cake now.Eddy Wednesday 5 December, 2012 - 9:10 AM -
It's not really the overseas sellers that are putting the locals out of business. It's the guys in Coburg and Brunswick with shipping containers in their backyards. The only way to compete is to drop prices and overheads.
mylene Wednesday 5 December, 2012 - 9:00 AM -
If any of the items I buy overseas were GST free here I still wouldn't buy them. You whinging retailers don't get it...we shop overseas because we can save up to 50% on your insane prices. You can blame all you like about our higher wages, rent, utilities etc but it doesn't justify that much of a mark up. Stop crying poor & fix the real problem of poor customer service & overcharging.
SM Tuesday 4 December, 2012 - 10:47 PM -
I think that this would stimulate the economy, so it would be a good thing for shoppers who would like to go to the stores. I like to buy things locally if I can. I want to support Australian jobs and would like to think the Standards are being met online as well as it has to be offline in the shops. I agree that there needs to be a level playing field. What do people think ?
Wondering Tuesday 4 December, 2012 - 6:12 PM
