Due to the fact that we buy a fair bit of small miscellaneous whatnots from overseas I’ve been searching for what is really going to happen when the GST is applied to everything, particularly when the GST hasn’t been collected by the overseas vendor.
Well with regard to goods arriving without any vendor collection there is no information, I would venture to guess that the relevant Government bodies do no have a fucking clue as to what to do. A hell of a lot of the stuff we get is under $20.00, most of it is between $5-10. So are they going to chase 50c or a dollar, or are they going to confiscate the goods or what? This is the very reason for setting the $1,000,00 mark, below this figure it is not economical to collect the GST.
This application of GST may have repercussions that the powers that be, in their haste to crawl up several loud mouthed retailers respective arses, have completely overlooked. Tit for Tat imposition of taxes on imports from Australia, screams about abrogation of free trade agreements, etc, are not beyond the realms of possibility. Look at how quickly China slammed reciprocal import duties on the USA.
Oh, there was one application of GST starting on the 1st July that surprised me, GST on the sale of new houses! I wonder how the major project builders allowed that to slip through, or didn’t they find out about it until it was a done deal. I’d be surprised if all of the politicians who voted for the passing of the relevant bills were aware of the fine print.