Calls for online purchases tax

THE National Retail Association has called on the Federal Government to pass laws requiring foreign online retailers to pay the same taxes and duties as Australian businesses.

An Aussie Retail Jobs Act was vital, the NRA said, to protect the livelihoods of thousands of Australian workers.

The call followed the release of a report by the Federal Government's Low Value Parcel Processing Taskforce which was charged with addressing concerns about the tax treatment of foreign online retailers.

Under the Federal Government's tax regulation, known as the Low Value Threshold, foreign-based online retail giants currently do not pay any taxes or duties on items worth less than $1000 that they sell into Australia.

"Australians can no longer stomach foreign-based online retail giants such as Amazon, eBay and Macy's growing at the expense local small to medium sized businesses that so many Australians rely on," NRA executive director Gary Black said.

"The reality is the Federal Government has the legislative power to stop the loss of thousands of retail jobs across Australia," Mr Black said.

A report by Ernst and Young, which was commissioned by the National Retail Association earlier this year, found that a continuation of the Federal Government's current tax regulations for online goods could cost the Australian retail industry 33,400 local jobs and see foreign based online retailers capture 75% of Australia's online retail market by 2015.

Topics:  jobs national retail association online business retail

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Success continues for Noosa alive!

Blake Bowden performs in the world premiere of Straight from the Hart at Noosa alive! this year.

Noosa's cultural festival in its 17th year

Don't cross with 'Pomona power' as QR listens

POMONA WINS: Don't Divide Pomona makes a huge statement about is rail crossing that has paid off.

Pomona's people power wins the day

Still Alive! for a place on beach

ALIVE! AND KICKING: Noosa Alive is looking to stay on Main Beach..

The battle to secure prime sand sites

Local Partners