Hockey too late the hero on the “Australia Tax”

Monday 8 September 2014

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”…

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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.