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I can only see this working with large well run organisations who for whatever reason decide to voluntarily agree to an onerous system that will immediately make them less competitive than their competitors.
Sounds like a good plan for them !
But the ATO has a huge problem just getting paid the GST collected by small Australian businesses who have cashflow and administrative management problems (I seem to recall something like 30% of small businesses have problems) - do they really think they can do better than here on a voluntary basis with small foreign owned and run businesses ?!
The instant its enforced for Australia - every other country will also want to hold their hand out and then we will have every small business around the world having to manage, collect and remit (on the appropriate form) their VAT, GST . . . taxes for 100s for countries at different rates on different classes of goods in different currencies !!
Thats going to work - not.
I think the onus will end up being on the importer. Just another administrative burden on ordinary taxpayers.
So every time I get my $5-10 widget from China in its own envelope I will have to fill out a form and lodge my 50c payment.
Cant wait for this gross inefficiency at its highest.
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