By Kate Ketchum and Simon Hunter Australian businesses have been hit hard by the introduction of a $60 per-day hair wrap tax on Friday.
Key points:The GST is a new levy on goods and services sold in Australia and has caused some businesses to lose moneyFor example, the company behind the hair wrap is asking customers to pay the $60 a day taxThe change will affect all Australians over the age of 60, as well as the elderly and those with a disabilityThe Government is considering changes to the GST to increase revenue from sales taxWhile most businesses are expected to see an increase in sales tax receipts as a result of the change, some are not so lucky.
The hair wrap company that makes the wrap is requesting customers to spend $60 every day for six months, but it is now asking customers for another $60 fee to cover any costs incurred.
The company has told ABC News the fee would be waived for those who choose to pay it themselves, and for those with disabilities.
However, the fee for those customers who opt to pay for the wrap through the Australian Taxation Office will remain at $60.
The WA Government has also set aside a $5 million fund to help businesses that have lost out due to the new levy.
Mr Abbott said the tax change would help bring revenue to the WA Government to cover some of the costs.
“We have put the money together with a special fund to support businesses, and to help companies pay for their business, to help them make sure that they can provide the services that they need,” he said.
“So that the WA government is able to meet the needs of businesses, whether it is to hire people or provide childcare services or provide education services.”
It’s a very welcome step that the State Government has taken to support small businesses and small businesses in the State.
“The WA Budget has already passed with the Government facing a $15 billion deficit.
The Federal Government has said it is also considering changes in the GST and other taxes to help fund the state’s infrastructure.
Topics:government-and-politics,government- and-politics-and/orchestrations,business-economics-and,tax,business,industry,industries,taxation,youth,women,people,warrab-wa,bombers Creek,australiaContact Kate KettumMore stories from Western Australia