Claims denied

CLAIMS that small business prices under the New Tax System will rise by 10 per cent or more are unfounded, says Australian Competition and Consumer Commission chairman Allan Fels.

“The vast majority of prices will not rise by 10 per cent. Some will fall and others will remain the same,” Professor Fels said.

“In particular, where tax increases are being experienced, they will often be offset by the tax falls – for example on the price of inputs – with the result that rises of far less than 10 per cent will occur.

“The Yellow Pages survey of small business indicates apprehension and some confusion about the tax changes in some sectors.

“Some 43 per cent nationally said they felt the GST would increase their prices by 10 per cent or more but the Yellow Pages’ own research indicates that many were “unaware of how the GST would impact on their prices”.

“The claims expressed are, in the main, the result of a lack awareness and information about the tax changes,” he said.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer