eFairnessNZ

Retailers deeply disappointed by budget

 
Retail NZ says retailers will be disappointed that the Government has failed to take action to close a loophole which disadvantages small and large Kiwi businesses because foreign websites don’t have to pay their fair share of GST and duty when selling low value goods to New Zealand.

“The Budget is deeply disappointing for retailers,” Retail NZ’s General Manager Public Affairs Greg Harford said today.

Get on board with the #eFairnessNZ Campaign

This week, Booksellers NZ and Retail NZ launched an #eFairnessNZ campaign to encourage parliament to close the existing GST loophole which allows some low value goods to be imported free of GST and duty. Currently, retailers across New Zealand face a 15% disadvantage in their terms of trade before they open their doors to customers each day, because offshore online retailers are allowed to import goods worth up to $400 into the country without a requirement to pay GST – the so-called universal tax. Retail NZ and Booksellers NZ are calling this a matter of eFairness.
 

#eFairnessNZ campaign seeks urgent action on tax loophole

Retail NZ and Booksellers NZ have today launched an #eFairnessNZ campaign to close a loophole which allows some low value goods to be imported free of GST and duty. The launch of the campaign follows comments by the Prime Minister last month that New Zealanders are prepared to pay their fair share of GST and duty, and that the current rules create an "unfair disadvantage for New Zealand retailers".
 

GST on online purchases not mentioned by Revenue Minister Todd McClay today

Booksellers and other small retailers in communities throughout New Zealand will be hugely disappointed with the failure of the Minister of Revenue, Todd McClay, to announce today an intention to fix the growing loss of revenue resulting  from the government’s failure to collect GST on online purchases from overseas retailers.