GST on online purchases
Stuff reports: Online shoppers face being chased down for GST on all goods, services and digital products bought from overseas. A joint working party has been set up by Inland Revenue and Customs to...
View ArticleBanks say no to being GST collectors
Interest writes: Banks wouldn’t want to be involved in attempting to collect GST on goods bought overseas for less than $400 because doing so would be “incredibly complex”, Kirk Hope the CEO of bank...
View ArticleMore nonsense re GST on overseas purchases
The Herald reports: Nearly 40 per cent of New Zealanders believe GST should be charged on all purchases made on foreign shopping websites, a survey has shown. … A Herald-DigiPoll survey this month...
View ArticleLabour dumps tax cuts
The Herald reports: Labour has officially dropped its policies of having the first $5000 of earnings tax free and of removing GST from fresh fruit and vegetables Leader David Cunliffe said this...
View ArticleRetailers trying to kill off Internet sales
The Herald reports: The chances of GST being applied to all overseas web-based retail purchases appear more distant after the Government changed tack on a review into tax of online shopping. The...
View ArticleA stupid and unaffordable policy
Stuff reports: NZ First has announced a plan to remove GST from food, as part of several policies announced at its party conference. This is incredibly stupid. Our GST is the envy of much of the world...
View ArticleGST online
The Herald reports: The Prime Minister has warned New Zealanders they could soon be paying GST on online purchases as small as a song download from iTunes. Mr Key said it was inevitable that the cost...
View ArticleLumley on GST from foreign websites
Thomas Lumley blogs at Stats Chat: From a Retail New Zealand Media Fact Kit “The amount New Zealanders spend on goods from foreign websites is approaching $1.5 billion and this number is growing all...
View ArticleThe online GST proposal
The Government has published a discussion document about what to do with GST on online purchases. It is here. They key points are: Offshore suppliers will be required to register and return GST if...
View ArticleOnline GST
Todd McClay announced: Revenue Minister Todd McClay says measures proposed in a tax bill introduced today are about fairness and equity. “It is about creating a level playing field for collecting GST...
View ArticleIs the Govt silly enough to force a $20 parcel fee on us?
Stuff reports: NZ Post may charge people $20 to receive overseas parcels if the Government slashes the threshold under which items can be bought from foreign websites GST-free. The new fee of between...
View ArticleNo changes to GST threshold for now
The Herald reports: The Government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public...
View ArticleThere is no 5% luxury tax
A weird press release from a group claiming to represent Graduate Women: Only women pay taxes on the products they use to deal with menstruation. Sanitary products such as tampons are taxed as...
View ArticleWinston all over the show
Stuff reports: New Zealand First leader Winston Peters has clashed with RNZ host Guyon Espiner in a testy – and at some times bizarre – interview. The 25-minute interview on Morning Report on Thursday...
View ArticleOutside the Asylum
Eric Crampton from the NZ Initiative has done a series praising New Zealand as being so much more sane than other countries. In this chapter he looks at tax and airport security: Consider the Goods...
View ArticleAnother day, another u-turn
The Herald reports: Labour’s Finance Minister Grant Robertson has backpedalled on Revenue Minister Stuart Nash’s promise to start requiring overseas retailers to collect GST on goods bought by New...
View ArticleBut what will happen in the seller doesn’t charge GST?
The Herald reports: The Government is set to announce further measures today to collect 15 per cent GST on low-value goods bought by Kiwis online from overseas, a so-called “Amazon tax.” The tax will...
View ArticleThe stupidity of Australia’s GST
The Herald reports: One of Australia’s most hated taxes is finally going to be scrapped. At a pivotal meeting in Melbourne today, the states and territories backed Treasurer Josh Frydenberg’s push to...
View ArticleNational’s Covid economic recovery plan
Simon Bridges in a speech to Business NZ has announced two major policies to help businesses survive the economic carnage caused by the (necessary) responses to Covid-19. The first is GST refunds to...
View ArticleThe case for a temporary cut to GST
The Taxpayers’ Union has an excellent paper making the case that the best response to the Covid-19 economic crisis would be cutting GST from 15% to 10% temporarily. Far better than the masses of...
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