Telecom adusts prices for gst increase
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Posted Thu 2 September 2010 @ 8:15 a.m. by Ernie Newman
Telecom is advertising new charges to reflect the government's increase in GST from 12.5% to 15%.
With some plans the prices are up by around 2.5%. In others' they're absorbing the increase - reducing the price of the service so that the GST-inclusive price remains the same, or rounding the price up or down to arrive at a sensible price point.
They're among the first businesses to advertise new prices flowing from the GST increase.
No doubt some people will get excited about it. I'm not. Wait until you see other sectors of the economy impose their new prices - supermarkets for example. There'll be all kinds of subterfuge. Telecom at least is being up front about what its doing, and there's no sign of profiteering.
No further comment on this from TUANZ - much bigger fish to fry here.
Categories: Broadband | Fixed line carriers | Wireless carriers