Offshore sites may cost local retailers | Perth Now
RETAILERS risk prosecution if they shift e-commerce sites offshore to avoid import duties and GST, tax lawyers have warned.Myer plans to start selling tax-free merchandise through a Hong Kong-based website next month, to compete against foreign retailers who can mail goods worth less than $1000 to Australian customers tax-free.But the Taxation Institute of Australia warned yesterday that the Australian Taxation Office could intervene if it suspected any retailers were avoiding tax."There are powerful general anti-avoidance provisions (in the tax act) that need to be complied with," the institute's senior tax counsel, Robert Jeremenko, said yesterday, without commenting specifically on the Myer case.
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