High profits not high taxes driving shoppers online
According to Australia’s big retailers the Australian tax system is making them uncompetitive against overseas online stores. Poor old Gerry Harvey says he will have to set up an online shop in China so that he too can ensure that Australians importing things worth less than $1,000 via the internet can avoid paying GST. But is the tax system really the main reason for high prices in Australia, or has it got more to do with high profit margins?
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Corporate profits increase inflation | Fact Sheet
The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.
Corporate profits increase inflation
The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.
Unfettered gambling advertising means young Australians are losing big
If you’re sick of ads for sport betting interrupting the footy – or anything else you watch on TV – you’re probably not alone.