Internet shoppers saving $1.3m a day as lost revenue grows 10pc a year

Cyber-shoppers are costing the federal government $1.3 million a day by buying tax-free imports over the internet, the Treasury has revealed.

Lost revenue from the GST — and the savings to consumers — are forecast to grow 10 per cent each year to hit $610m by 2013-14 — via redwolf.newsvine.com