wsnz:

 

Adding to the above, NZ retailers are also subject to the CGA and FTA which add considerable costs. While I would like to make a point that I am not defending the overall position NZ retailers have taken, they do have a point that their cost structure is higher than those overseas.  I expect retailers will move onto the next injustice and seek immediate legislative changes to level the playing field.

 

On the other point, technically GST revenue is not lost by the Government if a consumer purchases an item from a foreign supplier under the existing system, when that item is not available locally in NZ. But I think the overall point you’re making is definitely valid.

 

Again, I don't see this as a retailer driven issue, its a lost GST issue. The retailer commentary is better news though.

If the product is not in NZ, you will either

1. Buy overseas and we lose GST revenue

2. Buy here and we get the revenue

3. Don't buy the product. Unless you pay the $8 off the mortgage, or bank it on a 50 year term deposit, you will buy something else and contribute to GST revenue.