Tag Archives : Value added tax

It’s become a familiar cycle now. Apple launch an exciting new product, it hits the US market first, leaving the rest of the World waiting around for a month (or two, in this case). When the product finally reaches UK shores, we suffer what has become known as the ‘Apple Tax’. This is a price-bump which is often argued to be a result of VAT or exchange rates, a myth we proved [...]

Image via Wikipedia So here in the UK we’ve become accustomed what’s known as the ‘Apple tax’. Whenever a product is launched in the UK, we always see a significant price increase compared the US price. It has been argued that our higher prices are down to extra costs, such as customs and VAT. To this way say: nonsense! As an example, we worked out the cost of an imported [...]