This week global CEO of eBay.com Devin Wenig met with Australian Prime Minister Malcolm Turnbull to argue against a proposed 10% GST levy on goods imported from online retailers like Amazon.
Current legislation dictates that imports of goods with a value of less than $1000 are GST free. But according to the May 2016 budget, the Turnbull government plans to extend GST to low-value imports from July 2017.
According to Australian Financial Review, Wenig met with Prime Minister Turnbull to argue against trade restrictions and plead the case for 30,000 small Australian businesses that use eBay’s platform as their only means of trade.
“We expressed some concerns about proposals in Australia that might inhibit innovation…I think we got a very constructive audience on those issues, so we are going to work together on those going forward,” Wenig told Financial Review.
“We believe free trade is good for people, we believe free trade is good for economies. There is a rising nationalistic protectionism around the world, but our values are about free trade and we will fight that.”
“Any proposal that creates an unfair tax scheme, any proposal which lowers thresholds to a point where it’s going to disproportionately impact small business, concerns us because it concerns our business, but I think it should concern government officials too because the biggest-job-creation-engine in the Australian economy is small and medium sized businesses.”