Global News’ Post

https://lnkd.in/dm7D-Rf5 Now watch what will happen, FOR the 2 month's, ....shop owner's, retail will up prices accordingly,....why ?... simply because they can , and remember, these item's you buy , the retail market has the upper hand over the government savings...they simply add the presumed savings , to any item . Am I making the retail sector sound greedy ?....why wouldn't they...it gives them a 2 month window to profit . Justin's plan will cost Canadians 6 billion dollars , 1.6 on PST savings, the checks will cost another 4 BILLION with a B...,then the cost for ads , and government workers to send the love our way lol...it could cost 6.5 Billion after the smoke clears. Theirs a 40 BILLION DOLLAR DEFICIT...and they are ballooning PAST that simply for a political gimmick....and buying votes and popularity, using TAXPAYERS money,.... simply can't work. Do Canadian's need help ?..yes , but not by creating HUGE costs for later...one is just pushing the devil down the road for our kids. One has to RE-PROGRAM, retail tills throughout Canada, and that cost is offset to the store owner....OF COURSE , they will try to recover their costs...think I'm wrong ?....I'll bet you my winning Lotto ticket I got today...if I'm wrong you could win 75 mill off my ticket I lost to you ,...or you could get a free play lol...the odds are in my favor in me winning the debate.... Retail sector will up prices the day this is implemented....and your savings ?...are for not lol

I wonder just how much Non-Domestic Rates revenue has been lost through ‘on-line’ retail? An ‘on-line’ transaction charge (extra VAT rate?) is long overdue, so long as it’s fed back to local authorities to invest in town and city centres and not lost in the overall UK budget. We tax and disincentivise talented individuals when we should be smart and tax those businesses that make ‘super-profit’ because of either huge NDR subsidy in ‘out of town’ locations or by not contributing to local authority budgets at all through a shift to ‘on-line’ sales. I despair that the obvious things are simply ignored.

The government 🇨🇦is proposing that the GST/HST be fully and temporarily relieved on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, to February 15, 2025. This #tax_break will make a meaningful difference for Canadians by making essentially all food #GST/#HST_free, providing real relief at the cash register.

Even with tax cuts now flowing through the economy, New Zealand retail spending has remained soft due to the continue pressure on household finances. However, it looks like inflation is now dropping back faster than expected and is on course to fall below 3% very soon. #rbnz #inflation #newzealand #economy

Budget 2024 overview - what's in it for Retail? 500 additional frontline police officers and $425m to support frontline policing – positive for the retail sector which has been hit hard by crime. The tax bracket readjustment announced today will be welcomed by retail business leaders, who will hope this leads to a lift in consumer confidence and a loosening of purse strings. However, while the tax cuts may lead to more discretionary spending, retail leaders may have hoped for more from this Budget. Inflation, insurance costs and wage increases are creating strain on the sector, and it will take time for any improvement in the country’s economy to trickle down to retail. The investment in policing is good news for retail leaders. Retail crime costs $2.6bn a year, according to Retail NZ, and poses a significant health and safety threat to employees and customers. We all deserve to feel safe and secure when we go to work and retail leaders will hope to see an improvement in this area. For further overview on retail sector - https://lnkd.in/gE7bDtnq

🍁 Temporary GST Holiday to Support Canadian Households 🍁 The federal government has introduced a temporary suspension of the Goods and Services Tax (GST) on specific items from December 14 to February 15. What’s Exempt During the GST Holiday? -- Prepared foods, including vegetable trays, pre-made meals and salads, and sandwiches. -- Restaurant meals, whether dine-in, takeout or delivery. -- Snacks, including chips, candy and granola bars. -- Beer, wine, cider and pre-mixed alcoholic beverages below 7% ABV -- Children's clothing and footwear, car seats and diapers. -- Children's toys, such as board games, dolls and video game consoles. -- Books, print newspapers and puzzles for all ages. -- Christmas trees. Additional Support: A one-time payment of $250 will be issued to Canadians earning up to $150,000 in 2023. Full article: https://lnkd.in/g3dKAYEG

Extremely dire stats presented today by CreditorWatch, with the situation deteriorating rapidly for restaurants and cafes. This is no longer a situation the Government and Opposition can ignore PM Anthony Albanese and Opposition Leader The Hon. Peter Dutton MP. It’s time to overhaul GST, FBT, and State based Payroll Tax grouping, and Retail Leases Acts. “With the hospitality sector's heavy reliance on discretionary spending, the credit reporting bureau has increased its 12-month forecast for failures from 7.5 per cent to 9.1 per cent - or one in every 11 businesses.” #aseatatthetable https://lnkd.in/gf7daAut

I try not to be obnoxiously political on here but this has annoyed me beyond belief. Cutting GST on food....good idea in theory, but the GST on food is the smallest part of its total price. The carbon tax the farmers have to pay to grow it and transport it, or the carbon tax the grocery stores have to pay to heat and cool said food, has way more influence on how much I am having to spend than the GST I end up paying. How is a two month break on the smallest portion of my bill going to save me from financial woes? But don't worry, Christmas trees are now GST exempt. Thank goodness! I wouldn't have been able to purchase one otherwise! (insert sarcasm here) And a token $250 cheque in the spring? That doesn't pay for one month of carbon tax I pay on heating my home in the winter. Not to mention the 25% tax I pay on fuel to run my grain dryer in September so there is grain to make the bread that was GST exempt anyhow. Perhaps we should be looking a little deeper at the root cause and not buying votes. https://lnkd.in/gmt9hDAB

Even with tax cuts now flowing through the economy, New Zealand retail spending has remained soft due to the continue pressure on household finances. However, it looks like inflation is now dropping back faster than previously expected and is on course to fall below 3% very soon. Westpac New Zealand Kelly Eckhold Darren Gibbs Michael Gordon Paul Clark #rbnz #inflation #newzealand #economy

How place of supply affects GST/HST rates A zero-rated supply has a 0% GST/HST rate throughout all of Canada. For example, basic groceries are taxable at the rate of zero (0% GST/HST) in every province and territory. The rate for other taxable supplies depends on the province or territory. The current rates are: