Books and the GST

Aaron Tunn sent along a story that looks at the collpase of book sales in OZ.

This One Says The latest figures from the Bureau of Statistics showed book sales collapsed by 19 per cent to just over 104 million books in the year following the introduction of the tax on July 1, 2000.

At the same time, the average publishing business cut staff by 15 per cent, while profit margins tumbled 41 per cent.
Australian Publishers Association chief executive Susan Bridge said 2000-01 had been a particularly terrible year, with sales hit by the triple blows of the GST, the Sydney Olympics and the low dollar.