however, the 33% markup is usually what the merchants call 'net items'-- they do not go on sale when they have christmas and mothers day promotion, for example.
Regardlesss, experienced merchants know the limits of their markups-- the point at which the majority of customers start shipping their items.
I no longer 'go away to shop' because amazon gets me what is not in the shops and i consider the cost of transportation and hotels, so the savings slips away.
well the vat was simply added on to the original price, the price control commission could not possibly want the merchant to pay the vat for the consumer.
lets do an example with clothing.
Before VAT: landed cost $20, duty $7 (35%), markup $9 (33% of landed cost + duty)= item sells for $36
After VAT: landed cost $20, duty $4 (20%), VAT $1.8 (7.5% on cost and duty double taxation) markup $8.60 (33% of landed cost plus duty)= item sells for $32.6, adding VAT $35.04
the merchant now profits only $8.60, the govt which collected $7 previously now collects $8.24.
the price the consumer pays only changed by 36-35.04= 96 CENTS or 2.6% for a duty reduction of 15%.
Then this man goes around saying the merchant did not pass on savings to the consumer.
the only one making more money is the government. And they love the couriers because they collect even more that way when the consumer pays the duty and vat on already higher prices.
ohdrap4 says...
I repeat.
they regret the reduction in customs duties, so they added this 25%, where they saw they could rake in money, except they are taxing the wrong people,
they could also trying to get the couriers out of business.
sure someone wants a return to the days when the customs broker charges thirty dollars to clear a 25 dollar dress.
On Air cargo costs to rise ‘tremendously’
Posted 1 July 2016, 3 p.m. Suggest removal
ohdrap4 says...
who invited him to talk about innovation and transparency?
On PM targets ‘top 50’ business ease rank
Posted 1 July 2016, 7:08 a.m. Suggest removal
ohdrap4 says...
which is another ridiculous solution.
so they reduce the duty with one hand and take money back with another.
this would also affect your price at the food store and at retailers, so it does nothing to protect buying at home.
it is no improvement over the existing law.
On Air freight operators in Bahamas boycott threat
Posted 1 July 2016, 7:04 a.m. Suggest removal
ohdrap4 says...
next time, invite me.
give me 16 weeks notice so i can get the passport.
i need some free travel.
On South Africa factfinding trip for NHI Secretariat
Posted 30 June 2016, 10:13 p.m. Suggest removal
ohdrap4 says...
i heading to the beach to make my own salt.
On Air freight operators in Bahamas boycott threat
Posted 30 June 2016, 5:19 p.m. Suggest removal
ohdrap4 says...
thanks, I see that.
however, the 33% markup is usually what the merchants call 'net items'-- they do not go on sale when they have christmas and mothers day promotion, for example.
Regardlesss, experienced merchants know the limits of their markups-- the point at which the majority of customers start shipping their items.
I no longer 'go away to shop' because amazon gets me what is not in the shops and i consider the cost of transportation and hotels, so the savings slips away.
On Price control proposal like ‘Gestapo tactics’
Posted 30 June 2016, 7:57 a.m. Suggest removal
ohdrap4 says...
you guys remember when he wanted to bring pheasants to be hunted in the forests of Abaco?
Why not some falcons and foxes too?
On Key: Loretta a troublemaker... and Rollins needs another slap
Posted 29 June 2016, 2:52 p.m. Suggest removal
ohdrap4 says...
are these chinese airconditioners?
remember they had a fake singer in the olympics because the talented girl was ugly?
On Union to ‘do what it has to do’ over Hilton meltdown
Posted 29 June 2016, 2:45 p.m. Suggest removal
ohdrap4 says...
well the vat was simply added on to the original price, the price control commission could not possibly want the merchant to pay the vat for the consumer.
lets do an example with clothing.
Before VAT: landed cost $20, duty $7 (35%), markup $9 (33% of landed cost + duty)= item sells for $36
After VAT: landed cost $20, duty $4 (20%), VAT $1.8 (7.5% on cost and duty double taxation) markup $8.60 (33% of landed cost plus duty)= item sells for $32.6, adding VAT $35.04
the merchant now profits only $8.60, the govt which collected $7 previously now collects $8.24.
the price the consumer pays only changed by 36-35.04= 96 CENTS or 2.6% for a duty reduction of 15%.
Then this man goes around saying the merchant did not pass on savings to the consumer.
the only one making more money is the government. And they love the couriers because they collect even more that way when the consumer pays the duty and vat on already higher prices.
On Price control proposal like ‘Gestapo tactics’
Posted 29 June 2016, 2:04 p.m. Suggest removal
ohdrap4 says...
they will not retire until they control the prices.
On Power company has no plans to write off customer debts
Posted 29 June 2016, 1:45 p.m. Suggest removal