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 Anarcho-Capitalist Good News: OZschwitz Visa says rack off to tax collection role

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RR Phantom

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Anarcho-Capitalist Good News: OZschwitz Visa says rack off to tax collection role Vide
PostSubject: Anarcho-Capitalist Good News: OZschwitz Visa says rack off to tax collection role    Anarcho-Capitalist Good News: OZschwitz Visa says rack off to tax collection role Icon_minitimeMon Aug 01, 2011 4:08 am
IT'S not quite what global payments company Visa told the Productivity Commission when Visa was asked whether it would consider collecting GST for Australia on overseas purchases.

But it was pretty close.

In a letter to the Productivity Commission, Visa's regional head of public affairs, Adam Wand, said such a role would be unworkable and would lead to litigation and reputational risk.

He said Visa could not become a GST collector and did not perform this role for any other jurisdiction.

''Visa is deeply concerned about

the litigation risk that could arise should an importation GST-collection function be imposed on us,'' Mr Wand said.

http://www.smh.com.au/business/visa-says-rack-off-to-tax-role-20110731-1i6hx.html
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