How Strange the Effect of VAT

Published on: 11:16AM Jul 27, 2011

 As promised, here are a few prices for an English product, a new Jaguar, priced in a few countries.

 

Country

 

Price in USD

US

 

72,000

Canada

 

88,000

England

 

106,600

France

 

149,760

Switzerland

155,925

Portugal

 

120,960

 

France and Portugal both use the Euro (€): the difference is purely taxation differences, even though both belong to the European Common Market (as does England).

 

Swiss pricing has been converted from Swiss Francs to USD; English pricing from Pounds Sterling (£) to USD, and Euros pricing has been converted to USD.

 

As a reminder, until last year, Jaguar was owned by Ford. It has since been sold to the Indian firm, Tata Motors. The pricing has not changed, so it would seem that the differences in maximum corporate tax rates, presented yesterday, have no effect despite the propaganda American corporations (& quite possibly many/most other countries large corporations) put out.