Alterations to NZ’s online GST rules could cost the economy
“Even through a coordinated OECD regime, it seems unlikely that many small sellers would be interested in navigating that kind of bureaucracy.”
Changing online tax rules by applying GST to low-value imports may cause more harm than good to the New Zealand economy, an expert says.
New Zealand Initiative research head Dr Eric Crampton says applying online GST to low-value imports could end up backfiring on the economy and deterring online