Retail in Asia

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GST: Book prices could nearly triple if big retailers win online tax fight in Australia

Online shoppers in Australia could face a 250 percent price hike when buying bargain goods from overseas if the big retailers win the fight to lower the GST threshold.

But booksellers say the consumer advocacy group Choice’s claims are "nonsense".

In a submission to the Abbott government’s tax white paper, Choice says the potential price impact of reducing or abolishing the "low value" GST threshold is "massive".