John Key seems intent on trying to stiff us all for more GST all to save a dying, outdated retail model.
Prime Minister John Key has indicated the threshold for paying GST could be cut to $20, or even zero, for internet services such as Netflix.
At present, most goods bought online from overseas costing less than $400 are GST-free.
Revenue Minister Todd McClay has confirmed he will take a paper to Cabinet this month on reducing that threshold.
Eugen Trombitas, a PriceWaterhouse Coopers partner and GST specialist, said one solution was to have the foreign seller registered so they comply with domestic tax laws.
“You could look at Customs collecting a little bit more, and there’s some efficiency gains through technology. Read more »