IMPORTS – TAXATION – AUSTRALIA

Drop car tax, Treasurer told

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Original article by Patrick Commins, Richard Ferguson
The Australian – Page: 1 & 2 : 19-Feb-20

Tim Wilson, Craig Kelly and Jason Falinski are among the Liberal MPs who argue that the federal government’s luxury car tax should be abolished, given that it was introduced to protect local car manufacturers. The tax on imported vehicles raised some $675m in 2018-19, and this is expected to rise to $750m by 2022-23. Motor Trades Association of Australia CEO Richard Dudley describes it as an "unconscionable tax" that should have been scrapped when local car manufacturing ceased in 2017.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, MOTOR TRADES ASSOCIATION OF AUSTRALIA LIMITED

GST crackdown looms for online sales

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Original article by Nick Tabakoff
The Australian – Page: 7 : 28-Jun-18

The goods and services tax will apply to purchases of up to $A1,000 via overseas-based online marketplaces from 1 July. The Australian Taxation Office has signalled that it will use all of the tools at its disposal to ensure that multinational e-commerce groups comply with the new GST rules, including targeted audits and financial penalties. The ATO’s Tim Dyce says that about 3,200 international online marketplaces will have to be registered to collect and remit GST when the changes take effect.

CORPORATES
AUSTRALIAN TAXATION OFFICE, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Online GST reprieve till next year

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Original article by Rachel Baxendale
The Australian – Page: 5 : 20-Jun-17

The application of the goods and services tax to imported goods that cost less than $A1,000 has been delayed by 12 months, and will now take effect as from 1 July 2018. The measure has been welcomed by Australian retailers such as Harvey Norman, but slammed by online retail providers such as EBay and Amazon, which have threatened to prevent Australian consumers from using their portals if they were compelled to collect the GST.

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, EBAY INCORPORATED, AMAZON.COM INCORPORATED, ETSY INCORPORATED, ALIBABA.COM CORPORATION, DHL CORPORATION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. PRODUCTIVITY COMMISSION

Number might be up for low-cost online imports

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Original article by Fleur Anderson
The Australian Financial Review – Page: 5 : 24-Jul-15

GST revenue could rise by about $A1.7bn annually within five years after the Council of Australian Governments agreed to reduce the tax-exempt threshold for goods purchased from offshore websites from $A1,000 to just $A20. Australian Chamber of Commerce & Industry CEO Kate Carnell says the move will reduce the unfair advantage that online retailers based overseas enjoy at the expense of local retailers.

CORPORATES
COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, RETAIL COUNCIL LIMITED, AUSTRALIA. PRODUCTIVITY COMMISSION

Coalition eyes cross-party deal on taxing low-cost imports

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Original article by David Uren
The Australian – Page: 3 : 5-Jan-15

The Australian Government’s tax white paper will push the case for the goods and services tax threshold for imported goods to be lowered. Assistant Treasurer Josh Frydenberg notes that in recent years there has been a sharp increase in the volume of goods bought online from overseas that are priced below the tax threshold of $A1,000. Tax reform will need the support of the states, but Western Australia in particular is proving to be recalcitrant on the issue

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, GROUP OF TWENTY (G-20), AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT