The Flat World is our Friend, Not our Foe August 17, 2015 14:30
Taxation equity is an emotive topic. As a result, the discussions around the lowering of the GST threshold on imported goods from the current $1000, creates heated debate. The issue has a number of levels and cannot be responded to in a simple way. My views, are summed up in the following points:
The Flat world is more a friend of retail than a foe
Whilst the current debate seems centred around the inequities of taxable thresholds around the world, we have perhaps missed a key point. For Australian retailers, with our domestic addressable market always limited by our small population, the new borderless retail is our biggest opportunity, ever. We have the chance, to build our addressable market from, well, around twenty five million consumers, to many billions.