Media release: Online GST could backfire on economy
Wellington (20 March 2015): Applying GST on low-value imports could easily backfire and end up doing more harm than good for the economy, The New Zealand Initiative warned today. Head of Research, economist Dr Eric Crampton said applying GST at the border only makes sense if there is a way of doing it that neither deters foreign retailers from shipping to New Zealand, nor imposes substantial hassles on Kiwis importing goods from abroad, nor proves too expensive to collect. Read more
