par Varshinee Sreerahavan Il y a 11 jours
21
Plus de détails
Economic activity from increased spending may offset some revenue loss
Impacts future government decisions on taxation and public funding
Short term loss of $1.6 billion in federal tax revenue
Possible shifts in focus to promote holiday essentials and children's goods
Challenges in ensuring clear communication to avoid consumer confusion
Boost in foot traffic sales and stores that sell qualifying goods
Inventory management will meet increased demand for tax-relieved items
Reduced tax revenue during the relief period
May require adjustments in budget allocation for public services
Encourages economic activity to compensate for lost revenue
Introduces the tax relief policy and ensures implementation by businesses
More competition between brick-and-mortar and online businesses
Higher demand for delivery services
Online retailers benefit from increased holiday spending
Adjustments to online pricing systems to reflect tax relief
Stin on supply chains to meet increased production requirements
Potential for higher prices due to higher demands
Higher demand for goods like children's clothing, books and holiday items
Increased consumer spending during the holiday season
Potential for saving or diverting spending toward other sectors like entertainment or travel
Increased purchasing power with reduced cost on groceries, children's items, and holiday essentials
Greater affordability of goods promotes spending on non-essentials
