Joe Hockey, we have a tax solution for you
All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

Joe Hockey, we have a tax solution for you

March 30, 2015

The National Retail Association is urging the Federal Government to close the GST tax loophole that’s costing Aussies jobs and billions in revenue.

NRA Chief Executive Officer Trevor Evans said it’s time for Treasurer Joe Hockey to take action when it comes to tightening up the Low Value Threshold (LVT) in GST legislation which is hurting local businesses.

“While the Government kicks off yet another discussion on raising taxes closing the LVT loophole is an obvious solution to their economic woes,” Mr Evans said.

“The online shopping boom is only continuing to grow and we are missing out on the windfall at the expense of Australian businesses and local jobs.

“Most frustrating is we’ve been talking about this for years now.¬† It’s time for Mr Hockey to act and reap the benefits of up to a billion dollars of revenue that is currently going down the gurgler.

“Australian businesses are ready to engage with the Government on this important issue and we look forward to a positive result.”

NRA Media

  • National Retail Association strengthens support for members on leasing and tenancy
    June 01, 2021

    We are pleased to have strengthened our partnership with Lpc Cresa, a leading advisor to retail tenants across Australia and New Zealand, to assist our…

    Read More
    September 03, 2018

    To download the nomination form, click here

    Read More
  • Closing Loopholes Bill No. 2 passes Parliament¬†
    February 20, 2024

    Earlier this month, it was confirmed that both Houses of Parliament passed the second tranche of amendments to the Fair Work Act 2009 (Cth) under…

    Read More
  • Jump start your business for 2021 and step ahead of the competition
    November 20, 2020

    2020 has undoubtedly been one of the most challenging years for all of us. It has created unprecedented trends in every industry, and shown retailers…

    Read More
  • NRA members winners in new partnership with Aussie Broadband
    November 16, 2020

    You must be logged in to view this content.

    Read More

What our clients say

Want to chat?
Contact our team today!