NO.152 The Gillard Government has today announced its interim response to the Low Value Parcel Processing Taskforce report. The Government would like to thank the members of the Taskforce, led by Dr Bruce Cohen, for their thorough and detailed analysis of this issue. The Taskforce was commissioned to investigate options to improve the efficiency of processing low value imported parcels. The work of the Taskforce followed the 2011 Productivity Commission (PC) report into the retail sector. The PC found that the low value threshold for Goods and Services Tax (GST) and duty on imported goods was not the main factor affecting the international competitiveness of Australian retailers. It did find...
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