« on: March 21, 2012, 05:20:25 AM »
Here in Australia, we have a 10%GST (same as VAT), however, if I buy something for my business, and I do need to take photos of my products to send to customers and put them up on my website, then I get the GST back.
Retail price of a 5D3 in a big camera retailer like Digital Camera Warehouse is A$3999 (about US$4199), and if I deduct the GST charged on this I end up paying A$3635.45 (US$3817.22).
A bit higher than in the US, but I figure the local warranty is worth that much, and you can find cheaper retailers too.
But as far as luxury cars are concerned, we are REALLY ripped off over here.
A Porsche 911 Carrera for example, sells for around US$75K in the US, but here, the base model is well over A$230K!!!
And you know why?
Because you can't import a new Porsche and get it registered in OZ, because it won't have a local compliance plate so it can't be registered, even though it is exactly the same car as sold in the UK etc (right hand drive).
The funny thing is that import duty on new cars is only 5%, GST 10%, so where the hell does this huge difference come from?
Like Europe, we in Oz get virtually unlimited free health cover and when we get old, we get a government pension, as long as you aren't rich, so we are somewhere inbetween the US and Europe as far as social benefits go, and our minimum wage is around A$20 per hour, which is about 3 times what the minimum wage is in the US, hence some part of why we pay more for some goods.