New Zealand's new 'Temu tax' is officially in play. 

All low-value goods worth less than $1000 dollars coming into the country as commercial freight are being charged a low-value levy or tax of $2.21. 

It patches-up a Customs loophole allowing e-commerce businesses like Temu and Shein to pay next-to-nothing for approval on thousands of packages. 

First Retail's Chris Wilkinson told Mike Hosking it's not made to raise Customs revenue, but to recoup the costs currently being paid by the taxpayer. 

LISTEN ABOVE 

New Zealand's new 'Temu tax' is officially in play.&nbsp;
All low-value goods worth less than $1000 dollars coming into the country as commercial freight are being charged a low-value levy or tax of $2.21.&nbsp;
It patches-up a Customs loophole allowing e-commerce businesses like Temu and Shein to pay next-to-nothing for approval on thousands of packages.&nbsp;
First Retail's Chris Wilkinson told Mike Hosking it's not made to raise Customs revenue, but to recoup the costs currently being paid by the taxpayer.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Chris Wilkinson: First Retail Group Managing Director on the implementation of a levy on low-value commercial freight

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/142e7e24-18aa-4a91-b86a-b425015a40fa/transcript