Nintendo about the PSP

jvd said:
I thought the pound was 1.68 dollars . Mabye i'm wrong. Haven't looked in awhile. But its no wonder that i allways have to bring stuff from here to italy and london when i go vist family and friends. You guys get ripped off.


YEP. absolutely outrageous. not only we get things months anfter u people, but we have to pay more for them as well..... even DVD's.... i mean come on UK£19.99 for a DVD is ridiculous....
 
london-boy said:
jvd said:
I thought the pound was 1.68 dollars . Mabye i'm wrong. Haven't looked in awhile. But its no wonder that i allways have to bring stuff from here to italy and london when i go vist family and friends. You guys get ripped off.


YEP. absolutely outrageous. not only we get things months anfter u people, but we have to pay more for them as well..... even DVD's.... i mean come on UK£19.99 for a DVD is ridiculous....

i dunno do u guys make more pounds per hour than we make dollars ?

I have no problem bringing things when i vist but its hard to explain why i'm coming into a contry with 5 laptops haha .
 
obviously, the people in europe are quite spend friendly. They obviously sell the stuff, so why would they try to sell for less?
 
in france we used to talk of the "dollar informatique", because when you bought something that was sold 100 dollars in the US (so something about 700 francs) it was sold about 1000 francs here...

now we have the euro but same thing.. someting that is sold 149 dollars in the US is sold is sold 199 euros while 1 euro = ~ 1 dollar...

anyway it is due to a lot of factor, including VAT which is 19,6 % (!), the distribution that is structured differently (more ppl in the process so it costs more money)..

with our so much costly state it's sad to feel poorer and poorer because of taxes ever increasing year after year... :(
 
obviously, the people in europe are quite spend friendly. They obviously sell the stuff, so why would they try to sell for less?

But if they sold for more in the U.S it'd sell there too, it'd just sell less. So to answer your question, they should drop the price to sell more. We have no idea how well consoles would sell in Europe if they were competitively priced with the U.S.

anyway it is due to a lot of factor, including VAT which is 19,6 %

19.6%?, and I thought our VAT of 17.5% was bad.
 
VAT : value-added tax

DEFINITION:

Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services.

It is a general tax that applies, in principle, to all commercial activities involving the production and distribution of goods and the provision of services. It is a consumption tax because it is borne ultimately by the final consumer. It is not a charge on companies. It is charged as a percentage of price, which means that the actual tax burden is visible at each stage in the production and distribution chain. It is collected fractionally, via a system of deductions whereby taxable persons (i.e., VAT-registered businesses) can deduct from their VAT liability the amount of tax they have paid to other taxable persons on purchases for their business activities. This mechanism ensures that the tax is neutral regardless of how many transactions are involved.
 
ChryZ said:
VAT : value-added tax

DEFINITION:

Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services.

It is a general tax that applies, in principle, to all commercial activities involving the production and distribution of goods and the provision of services. It is a consumption tax because it is borne ultimately by the final consumer. It is not a charge on companies. It is charged as a percentage of price, which means that the actual tax burden is visible at each stage in the production and distribution chain. It is collected fractionally, via a system of deductions whereby taxable persons (i.e., VAT-registered businesses) can deduct from their VAT liability the amount of tax they have paid to other taxable persons on purchases for their business activities. This mechanism ensures that the tax is neutral regardless of how many transactions are involved.
so its a more confusing sales tax haha . thanks for explaining.
 
jvd said:
so its a more confusing sales tax haha . thanks for explaining.


VAT is the tax that is applied to every purchase basically. every country has it, in italy they call it IVA, here in the UK it's VAT, i thought it would be the same in the US....
 
so its a more confusing sales tax haha . thanks for explaining.

VAT is already added to the price of a product or service before you buy it (the listed price includes VAT), so its not really confusing at all for the consumer.
 
it is in a lot of countrys.
for example, in Belgium it is forbidden to quote prices without taxes

but i think in the USA you need to pay on top of most listed prices the TAX
 
I think the rules are the same throughout the EU. Retail prices are always with VAT. included.

But business to business sales are exclusive (since the can deduct their VAT on bought goods from VAT on sold ones).

Cheers
Gubbi
 
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