This week retailer Gerry Harvey has been campaigning for the government to lower the GST-free threshold on goods bought overseas on the Internet. He says the trend is hurting retailers and denying the tax office of $1 billion in revenue.
The latest Forrester Research, commissioned by PayPal, shows that local retailers are not losing out. While imports are up domestic Internet sales have increased too. To ensure they remain competitive though, local retailers need to ensure that online they offer the range of products and sizes provided by overseas competitors. Many local retailers continue to sell the same range and sizes that they offer in-store.
In this edition of BTalk Adrian Christie, Head of Communications at PayPal Australia, says local online retailers need to be concerned less about prices overseas, and more focused on range and customer experience.
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SLR and all that
The Fed announces SLR will not continue from the month end. NAB’s Rodrigo Catril explain what it is and what it means for the appetite for bonds, in a week where many more are being auctioned. Plus, the potential flow-on from Erdogan ditching his central bank governor.
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Biden dips into reserves, Putin demands Roubles from today
Markets are responding to what appears to be longer term strategic commitment to tackling the energy crisis, says NAB’s Ken Crompton, as Joe Biden announces a daily draw down of oil reserves for the next six months.
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From uncertainty to positivity? The Year Ahead.
From uncertainty to positivity? The big question. Me with NAB’s Morning Call team in our end of year markets wrap.
