Toothbrushes, sanitary products, washing machines and freezers may become cheaper as the government abolishes hundreds of nuisance tariffs. Almost 500 nuisance tariffs will be scrapped in the new financial year, saving businesses more than $30 million in annual compliance costs. In the single biggest reform in two decades, the Albanese government will eliminate 14 per cent of Australia’s tariffs on imported goods from July 1.
Treasurer Jim Chalmers said the changes would ease the burden on small businesses and help to cut costs. “This is meaningful economic reform that will deliver meaningful benefits to businesses of all sizes around Australia,” he said. “These tariff reforms will be better for businesses, better for consumers and better for the economy.
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Source: 7NewsAustralia - 🏆 11. / 71 Read more »