How do I unsubsidized?Terminal cancer here Best to to allJackEvergreen
coloradoSent via the Samsung Galaxy S20+ 5G, an AT&T 5G smartphone
-------- Original message --------From: Peter Corlett via cctalk
<[email protected]> Date: 11/20/20 15:47 (GMT-07:00) To: "General
Discussion: On-Topic and Off-Topic Posts" <[email protected]> Subject: Re:
The best hard drives?? On Tue, Nov 17, 2020 at 09:36:00AM -0500, Bill
Gunshannon via cctalk wrote:[...]>>> It also turns out that £1 ≈ €1 ≈ $1.>
Close, but no cigar. I just bought something from Europe 3 days ago.This rule
of thumb only applies to stuff imported from the USA to Europe, orfrom anywhere
to the UK. It also only applies to prices quoted to consumers.> Exchange rate:
$ 1 USD = € 0.8111 EURSince the actual rate has been about €0.845 for a few
months now, I guess yourbank charges 4% over the mid-market rate. That seems a
bit high.However, as you surely know, the EU applies tarrifs on imports, and
individualcountries also charge consumers VAT. Tariffs tend to be fairly
nominal or zerounless there's a trade war going on, whereas VAT varies between
15% and 25%.So if I import a $100 widget, even if it has a zero tariff, I still
get to pay21% Dutch VAT which brings it to $121, or €102. Therefore $1 ≈
€1.That same $100 widget imported into the UK becomes $120 due to the 20%
VATrate, which comes to £90, but the UK has its own self-inflicted problems
whichcause importers loads of extra costs and £100 is easily believable.If I
take off my consumer hat and put on my businessman hat, I can import
stuffwithout paying VAT and then it is just the $100, €84.50, or £75 suggested
bythe exchange rate.
