The Government has indicated it's ready to crack down on multinational companies' tax avoidance in New Zealand, but Retail NZ says there's a key component missing from its plan - GST.
There are reports that Christchurch International Airport Limited is hiking up the fees it charges for using its duty and tax free collection point. Retail NZ's general manager of public affairs Greg Harford discusses why retailers are shocked at this and what can be done about it.
The Government has announced that it may implement tax on digital goods from as early as next year. As for other goods from overseas websites, Revenue Minister Todd McClay says the Government realises it’s an important issue to retailers, but it needs to work through “logistical issues” so it doesn’t inconvenience consumers.
Overseas online GST is once again a talking point as The Warehouse Group and InternetNZ have come forward to share their views on the matter. The Warehouse Group is keen for a tax to be imposed on overseas online low-value goods, but InternetNZ is warier. It says Kiwis are shopping overseas for more reasons than the price, like variety of products.
Labour Party leader Andrew Little introduces a new proposal called Flexible Tax for Business, which aims to allow businesses to pay taxes at the time they earn income. He explains how the flexible tax could work for retailers.