Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

PC Price Hack Will Eclipse Electrical Goods Drop

PC Price Hack Will Eclipse This Week's Electrical Goods Drop

This week's electrical goods price bonanza will be surpassed in just eleven months time with axing of the 22 per cent sales tax on computers, Senator Ian Campbell, Parliamentary Secretary to the Minister for Communications, Information Technology and the Arts, told a business form in Perth today.

'The implementation of A New Tax System on July 1, 2000 will see computer prices fall by up to twice the amount hacked from the price tags of electrical goods earlier this week,' said Senator Campbell.

'A New Tax System will see the price of PCs fall between 8 and 12 per cent from July 1 next year,' he said, adding that some retailers are expecting computers to shed up to 14 per cent of the June 30, 2000 price.

'This price drop is not only good for decreasing the cost barrier to PC ownership and participating in the information economy-it could have a tsunami-like effect on the development of Australia's digital economy.

'The economy will burgeon as the number of Australians participating in the digital economy reaches critical mass more quickly.

'More Australians will be able to take advantage of the enormous opportunities available online through electronic transactions and accessing information and services in a top-tier digital economy.'

According to the Australian Competition and Consumer Commission, and indicative example of expected price reductions of a high-end colour TV is a reduction in price from $1399 on July 28 to between $1301 and $1329 on July 29. A saving of between $98 and $70, depending on what proportion the wholesale price is of the retail price.

In comparison, a computer priced at $1399 on June 30, 2000 will fall to $1287, $1231 and $1203 with price reductions of 8, 12 and 14 per cent respectively-saving the consumer $112, $168 and $196 respectively.

'The implementation of A New Tax System in eleven months time, and the resultant computer price savings, will give Australia a solid foothold on the burgeoning digital economy,' said Senator Campbell.

© Scoop Media

 
 
 
World Headlines

 

Swing States: Gordon Campbell On Why The US Needs MMP

After the bizarre events this week in Helsinki, the world will be hoping and praying that the US midterm elections in November can put a restraining brake on the presidency of Donald Trump. This may happen, but there’s a highly undemocratic reason why such hopes may be frustrated. More>>

ALSO:

putin, trump scalpGordon Campbell: On The White House Romance With Russia

Tough on Europe over trade, at the G-7. Tough on Europe over defence, at NATO. And utterly smitten as usual by Vladimir Putin at the Helsinki summit. More>>

ALSO:


Gordon Campbell: On This Week’s NATO Debacle

For someone routinely cast as a clown presiding over an administration in chaos, Donald Trump has been very consistent about his agenda, and remarkably successful in achieving it, in the short term at least. More>>

ALSO:

NZ Law Society: Rule Of Law Threatened In Nauru

“The recently enacted Administration of Justice Act 2018 is another clear sign of the deterioration of civil rights in Nauru,” the Law Society’s Rule of Law Committee convenor Austin Forbes QC says. More>>

ALSO:

'Fixing' Family Separation: Executive Order Imprisons Families Indefinitely

Amnesty: President Trump signed an executive order today mandating for children to stay with their parents in detention while their asylum claims are processed. More>>

ALSO: