Feeds

Australia's States in online shopping tax grab

'Close the GST loophole' yell treasurers

Next gen security for virtualised datacentres

The idea that Australia's finances can be fixed by closing the online shopping “GST loophole” has shambled back out of its grave to consume the brains of the country's political masters. State treasurers have revived their calls for the federal government to stick its hands in the pockets of online shoppers.

Currently, the Customs service sets a threshold of $AU1,000 for GST collection, a policy made on the basis that checking every parcel crossing the border would be a waste of money. In 2011, the Productivity Commission reported that a lower threshold would net $AU500 million a year at most.

That hasn't stopped retailers from lobbying to have the threshold lowered – a call that seems to have won the support of state and territory treasurers. As the Sydney Morning Herald reports, the threshold will be on the agenda when federal treasurer Joe Hockey meets with them this week.

The Australian Broadcasting Corporation has reported on its radio news that state treasurers are offering to look at scrapping taxes such as stamp duty on new homes, if the federal government is willing to play ball. El Reg notes that “taxes such as stamp duty” are regularly offered as state-federal bargaining chips in Australia, but somehow they still endure.

The West Australian says the group will be working through a report prepared by the Federal Treasury on the threshold, which might damp the mood around the table, since Treasury has said in the past a lower threshold would cost more than it raises. ®

Next gen security for virtualised datacentres

More from The Register

next story
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?