STOP profits tax FREE baby formula trade in Australia
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There are Daigous shipping milk powder and other products overseas without ABN for profits tax and appropriate custom. Many international students holding student visas and tourists with travel visas carry such trade as well. We urge the govt taking the following actions:
- Investigate whether Daigous hold the ABN and paying profits tax according especially for milk power warehouses like this. https://www.9now.com.au/a-current-affair/2017/clip-cj5wb4plu004a0gl8i03sy9hh
- Investigate whether it is appropriate for international students or tourists carrying such trade without appropriate visas and ABNs. http://www.news.com.au/finance/business/other-industries/sydney-daigou-sherry-jia-earns-2000-per-week/news-story/56b1bf43cfd134e906c483b7a5209a51
- Whether the Daigous are getting centrelink benefits and trading cash on hand at the same time
- Freight and courier companies should have registers for each shipment regardless of quantity. The register should be submitted to ATO or custom on a regular basis.
This is serious as Daigou represents more than $1b business or more in Australia but most of them are tax free as our govt NEVER take any action. We are missing millions of tax each year. http://www.smh.com.au/business/the-economy/chinese-hunger-for-australia-food-as-daigou-leave-1-billion-tax-hole-20160927-grpfqs.html
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