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Myer Renews GST Demand

Myer Renews GST DemandMcClintock told
shareholders Australian retailers are having to face “several major
inconsistencies which harm trade. The first, which I have raised repeatedly, is
the continuing unfair exemption for overseas companies on the goods and
services tax on delivery of items of what is misleadingly called ‘lower
value’.”

McClintock said Myer collected more than $300 million in GST from its customers
in the last financial year.

“Offshore retailers selling into Australia pay none of this and it is
important that this loophole is closed,” he said.