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Thursday, 4 August 2011

Productivity Commission calls for a shake-up in laws governing retailers

Posted to The Australian (4/8/2011) on 4/8/2011 at 10:06 PM (Not published by Newspaper)
Commenting on "Productivity Commission calls for a shake-up in laws governing retailers"

http://www.theaustralian.com.au/national-affairs/productivity-commission-calls-for-a-shake-up-in-laws-governing-retailers/story-fn59niix-1226108247819

If everyone boycotts Harvey Norman, Myers, David Jones, JB Hi-Fi, just to name a few large retail outlets, because they charge more to cover costs in employing people, leasing buildings, using utilities, advertising, etc., this will lead to unemployment for many sales staff, tradespeople, property management, service providers, accountants doing tax returns, chefs, waiters, etc. Those who have made savings buying online, if they are still in employment, will eventually pay more taxes to cover the increasing number of welfare recipients.

This stubborn government fails to take note of the long term repercussion of great exodus of in-shop purchases, and refuses to tax all items purchased from overseas under $1000. At present, the cost of collection of these taxes may be more than the taxes receivable, but the scenario will change very soon as on-line transactions continue to grow. Who will be paying for the shortfall of tax revenue?

This is a double whammy. Just be careful, it could be the online shoppers’ job on the chopping board if this unfair practice is allowed to go on unchecked.