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 <cctalk at
classiccmp.org> Date: 11/20/20 15:47 (GMT-07:00) To: "General Discussion:
On-Topic and Off-Topic Posts" <cctalk at classiccmp.org> 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.