corey.m
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I agree. But a 66% premium?
I wouldn't pay a 60% premium on MC stuff.
I have on SW&D stuff.
STYLE. COMMUNITY. GREAT CLOTHING.
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I agree. But a 66% premium?
In common with many other countries, the Australian Government has set a threshold level for low value imports below which the Government will not seek to collect import duty and GST. Online purchases valued at less than $1000 imported into Australia (by private individuals or businesses) do not attract GST (10 per cent) or customs duty (for example, 10 per cent for clothing, 5 per cent for footwear). The only exceptions are for alcohol and tobacco on which import duty, GST and excise must be paid for all imports.Originally Posted by PC p22
While a lower threshold would subject more low value imports to GST and import duties the additional revenue collected would need to be considered against higher compliance costs for both Australian consumers and businesses and administration costs for the Government associated with the collection of the additional GST and duties. Not only would consumers and some businesses be subject to additional costs of GST, customs duty and import processing charges, they could also be subject to increased delays in receiving goods and might need to pay customs agents’ fees to facilitate correct assessment and payment of the relevant import duties.
In 2009, the Board of Taxation conducted a review which included some comments on the low value threshold. It concluded that any lowering of the threshold would likely increase administrative costs for the Government as more goods were brought into the customs system in order to account for GST and duty, and the additional costs were likely to outweigh any benefits. Moreover, consumers (and businesses) would have to pay disproportionately high costs including GST, duty and administrative charges to have their goods released from Customs compared to the actual value of the goods if the threshold were reduced (Board of Taxation 2010).
The number of parcels entering Australia under the low value importation threshold has risen in recent years and is likely to increase further as online shopping becomes more prevalent. In 2010-11, the GST revenue forgone has been estimated at $460 million, rising to $610 million in 2013-14, although Treasury noted that the estimate reliability was ‘low’ (Treasury 2011). A more accurate estimation of the GST revenue foregone may be possible at the completion of the current trial involving additional inspection of parcels imported under the low value threshold being carried out by Australian Customs.
A significant rise in the volume of small parcels entering Australia may also create new challenges for Customs and Border Protection and the Australian Quarantine Inspection Service in protecting Australia from the entry of prohibited items, and in recovering the costs of processing this increased volume of low valued parcels on an equitable basis.
Recently I scored a pair of Alden shell cordovan...never before in Australia at an op shop.
This continues to miss the point. It's not the absence of GST that has me shopping online.
This is a bit of typical media beat up. look at this nonsense:CYBER-SHOPPERS are costing the federal government $1.3 million a day by buying tax-free imports over the internet, the Treasury has revealed. Lost revenue from the GST -- and the savings to consumers -- are forecast to grow 10 per cent each year to hit $610m by 2013-14.
However even further down their own bloody article says: It says the commission "understands" that the average value of parcels entering Australia is less than $100 -- 10 times below the tax-free limit. That is - most - almost all - parcels are already under a very low GST triggering limit of $100. Even more would be under a $250 limit (the one most predicted if there is any lowering). That is the Lost revenue per day of $1.3m is complete bullshit - as it includes GST revenue on parcels below $100 - which is the majority of parcels and which is unlikely to be collected anyway. So if 80% (the average is $100 remember - I am here assuming its 80%) of parcels would be below any threshold anyway then this bullshit lost revenue of $1.3m would be less than $300,000 - not adding in compliance collection costs. The costs to document, collect, give receipts, fine people, track people down, store goods, liaise with overseas retailer etc would be enormous and easily exceed the revenue. Also from the Commission itself:The Treasury has calculated the exemption will save shoppers $460m in GST payments this year -- enough forgone revenue to pay for the government's promise to fix hospital waiting lists.
That is - no one knows what the figure is - make up your own.There is limited and inconsistent quantitative information concerning the size of online retailing in Australia. The ABS does not provide an aggregate estimate for online sales as a percentage of all retail sales of goods and services in the economy.
What can I say - Gerry Harvey is an idiot. Tell us how its going in Ireland Gerry.Australian retailers could benefit from Australian consumers’ preference for using domestic websites. According to a recent survey commissioned by the Australian Communications and Media Authority (ACMA), despite the increased availability of goods and services nternationally, online shoppers said they used Australian websites more often to purchase goods or services (68 per cent) than overseas sites (12 per cent). One of the major reasons for consumers preferring to purchase from Australian sites was a lack of trust in overseas websites (ACMA 2010).
Another thing is the boat people. I respect that we should take asylum seekers, but they're just cruising straight into Christmas island and expecting citizenship/visas. We are just giving them out. When they are 'integrated' into society they continue to speak their foreign languages and distance themselves from 'Europeans'. I am not being racist here, but if we give someone our hospitality, is it not appropriate for them to learn our etiquette and pay respect? Some how they are instantly educated on their rights, but not their moral responsibility. Not one person involved in the fires in the Christmas Island detention center will be sent home or charged, they will be "integrated" into our community. Then, when they find themselves in trouble with the law they will get a translator and government funded legal aid, which not even Australian citizens are entitled to receive in most cases.
Thats just what my aboriginal mates say...
They can't build any hotels because there is no land in the city, as soon as you go 1km out of the city it becomes these stupid "Australian Dream" homes built on 1acre blocks.
Many people I know are just in Perth for the Mining boom, they don't invest here and they spend a minimal amount here. They lived and will live overseas/east before and after the boom is over, leaving Perth with its high prices for just about everything, and people will continue to pay it for reasons beyond me. My jobs even tied into it. I will be 'shipped out' as soon as it is over.
How do your aborginal mates feel about your hatred of males wearing shorts?
Where are these 1 acre blocks 1 km out of Perth City?
Out of interest, how much did the Chicago mob cost and did it take long?
Any decent tailor will either be able to fix it or refer you to someone to fix it.
Specially for some at the meetup - you know who youse are:
Hey mate sorry for the late response. Here is the mob in Chicago that I used. From memory they charged $50 per hole I think.