scartart

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scartart
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  • Apple CEO Tim Cook calls EU tax ruling 'total political crap,' cites potential anti-US sentiment

    scartartscartart
    srice said:
    This is probably a good time to repeat myself:

    The EU has a VAT - value added tax system, where the taxes are allocated based on where the value to the product was added. 

    They do not have a sales tax based system.

    No value is added in the EU, they are just a consumer.  So the taxes should rightfully be applied upstream - either to the US, where the product was designed and developed, or in China where the product was built. (or Ireland where the R&D is performed *cough*). 
    You can repeat yourself as many times as you wish but it doesn't make your statement correct about no value being added within the EU. The distribution and retail processes are all adding value in a VAT system.
    logic2.6

  • Apple hikes UK prices on some older Mac models by 20% in response to declining British pound

    scartartscartart
    Blaming Brexit for the USD to GBP exchange rate fall is just a cheap shot. In reality the pound has been falling for months, if not years, due to the weakest of the overall European economy. What Brexit has done is just accelerate the fall but the end result would probably be the same.

    As things stand the European economic isn't too healthy, and in uncertain times the USD rises as it is seen as a safe haven. Some manufacturers will assess the situation and accept a reduced margin on their products in Europe to maintain sales, market share, and pull through revenue of additional items (dongles in Apple's case). Unfortunately Apple don't take that view and so have passed on all the additional costs to their customers.
    tallest skil