Hockey too late the hero on the “Australia Tax”

Advertisement
ScreenHunter_4055 Sep. 08 10.39

By Leith van Onselen

Treasurer Joe Hockey admitted over the weekend that Australian consumers are being gouged and paying too much for goods when compared against their foreign counterparts:

“Australian consumers pay much higher prices compared to US customers when purchasing IT hardware, software, music, games, sporting equipment and fashion”…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.