Tagged: protectionism

The retailers respond - The Dismal Science

Eric Crampton Feb 03, 2015

Retail NZ's Greg Harford replies to my piece on maintaining the GST-threshold: While Government must balance potential revenue with the costs of collection when considering the GST loophole, the negative effects on local retailers are an important part of the equation. Difficult conditions for local businesses have flow-on effects that impact the whole economy including reduced employment (which … Read More

Online GST revisited - The Dismal Science

Eric Crampton Feb 02, 2015

While pretty much all goods and services consumed in New Zealand attract GST, imported goods under $400 are GST-exempt; IRD generally reckons the cost of collecting the tariff to be higher than the taxes collected.As Australia's debates around reducing or abolishing its GST-free threshold have sparked renewed NZ-retailer pushes for its removal here, I wrote a short piece for NZ … Read More