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.
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".
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.