Chris Wilkinson: First Retail Group Managing Director on the implementation of a levy on low-value commercial freight

New Zealand's new 'Temu tax' is officially in play.  All low-value goods worth less than $1000 dollars coming into the country as commercial freight are being charged a low-value levy or tax of $2.21.  It patches-up a Customs loophole allowing e-commerce businesses like Temu and Shein to pay next-to-nothing for approval on thousands of packages.  First Retail's Chris Wilkinson told Mike Hosking it's not made to raise Customs revenue, but to recoup the costs currently being paid by the taxpayer.  LISTEN ABOVE See omnystudio.com/listener for privacy information.