Here’s a way to save GST and have a good time.

Travel from Auckland to Sydney (return flight around $400). When in Sydney spend $8,000 on goods and services which are subject to GST. You really need to consume all of them in Sydney for this to work.

You’ve saved $400!! Yes I couldn’t believe it either. That’s the difference between the GST cost in Australia (10%) and the new rate in NZ after 1 October 2010 (15%). A 5% return on your money. So your airfare is free.

How’s that for a fantastic money making venture? Spend 8k and get a free trip to Sydney.

Only trying to help.

😉

Iain