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Retailers urge consumers to spend tax refunds

Retailers are urging consumers (Canberra residents in particular) to spend some of their coming income tax refunds in order to help stimulate the economy.

A survey to be issued today says Canberra residents are expecting the highest refunds in the country at more than $2800, well above the national average of $2351.

Chief executive of the ACT Chamber of Commerce Chris Peters said retailers were hopeful the refunds would boost retail spending.

Peters warned consumers not to “over do it” with the spending, but was hopeful they would spend their tax refunds as opposed to saving.

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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