APEC-wide deal on e-commerce tax avoidance proposed

Wed, 20 Mar 2013

By Pattrick Smellie March 21 (BusinessDesk) - A new kind of international pact to ensure taxes and customs duties are collected on goods bought online is proposed in new research by Victoria University's New Zealand Institute for the Study of Competition and Regulation. Commissioned by Booksellers New Zealand, which has been battling falling local sales of books because of the onslaught of imported books which are ordered online and escape the 15 percent rate of goods and services tax, the paper suggests the APEC trade grouping is a logical p...

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