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Everything over there is expensive...
Posted by gatorcpa [Email] (more from gatorcpa) on Thu, 9 Mar 2006 09:39:09
In Reply to: thats too bad, Topher, Thu, 9 Mar 2006 08:29:16
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... but remember that UK prices include value added tax (VAT, equivalent to our sales taxes) of between 15% to 25%. US prices usually do not include tax, as the states (sometimes cities, too) charge different sales tax rates.
Also, exchange rates are artifically kept lower in the US vs. Europe to help give US exports some advantage. The reasons for this policy would easily be a three page blog entry.
Bottom line is that Europeans pay more (in real terms) than Americans for the same goods and services. Canadians are somewhere in the middle.
gatorcpa
posted by 64.157.153...
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