30% deposit, 76.5% Import Tax, No Discount, and 10% Penalty
10-24-2016, 03:49 PM
#16
Rennlist Member
10-24-2016, 03:54 PM
#17
Rennlist Member
Others are significantly higher...
Google pulled this site up which lists import duty and sales tax for most countries. Egypt and India have rates well over 100%:
https://www.dutycalculator.com/dc/22...-finland-is-1/
Google pulled this site up which lists import duty and sales tax for most countries. Egypt and India have rates well over 100%:
https://www.dutycalculator.com/dc/22...-finland-is-1/
10-24-2016, 05:59 PM
#19
Instructor
I wonder how many forum members are qualified to criticise foreign nation's taxation system and label it as corruption. Might it not occur to anyone that Taiwan is a small island with a population density more than an order of magnitude greater than the USA and they, like Singapore, may just want to limit the number of cars on the road? Gary, you will be pleased to hear that Norway is not far behind with a C2S costing equivalent of $188,000 and Singapore taking the lead with $365,000.
Meanwhile the Taiwanese will be laughing at our social and healthcare systems and the extraordinary amount of time and money spent on litigation.
Meanwhile the Taiwanese will be laughing at our social and healthcare systems and the extraordinary amount of time and money spent on litigation.
10-24-2016, 06:23 PM
#20
Banned
Join Date: Jan 2013
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Originally Posted by go.illini
I live in a university town that has a large international student population. Very common to see Bentley, Aston Martin, Porsche, one Lamborghini that I know of, and 6 figure Mecedes, BMW and Audi near campus. Not hard to understand why when these cars are a bargain compared to what they cost in their home country.
I've heard a rumor that the parents buy these cars for their kids to use for a year or two and then ship them back home to sell for huge profit. Again rumor...
I've heard a rumor that the parents buy these cars for their kids to use for a year or two and then ship them back home to sell for huge profit. Again rumor...
Hey, do you know Prof. Zumdahl? He's a HUGE car guy.
10-24-2016, 06:32 PM
#21
Race Director
Originally Posted by steve9
Meanwhile the Taiwanese will be laughing at our social and healthcare systems and the extraordinary amount of time and money spent on litigation.
Yet they all flock to the greatest county in the world to spend billions on real estate, go to medical school, and party up the night away. Hmmmmm... I don't envy them at all except being able to out produce us. They laugh at how they're able to export so much to countries that are "too advanced" and "too good" to make anything.
, while they make BILLIONS and BILLIONS $$$$$$$$$ off us. We're above making anything less than $15/hr to make a Starbucks Latte and anything that will contribute to cow flatulence. Oh yeah, we're pretty good at making Kardashian and Housewives reality shows and products that are "Designed in California" and made in China.
10-24-2016, 06:56 PM
#22
Originally Posted by STG
Yet they all flock to the greatest county in the world to spend billions on real estate, go to medical school, and party up the night away. Hmmmmm... I don't envy them at all except being able to out produce us. They laugh at how they're able to export so much to countries that are "too advanced" and "too good" to make anything. , while they make BILLIONS and BILLIONS $$$$$$$$$ off us. We're above making anything less than $15/hr to make a Starbucks Latte and anything that will contribute to cow flatulence.
Oh yeah, we're pretty good at making Kardashian and Housewives reality shows and products that are "Designed in California" and made in China.
, while they make BILLIONS and BILLIONS $$$$$$$$$ off us. We're above making anything less than $15/hr to make a Starbucks Latte and anything that will contribute to cow flatulence. Oh yeah, we're pretty good at making Kardashian and Housewives reality shows and products that are "Designed in California" and made in China.
I know I am
10-24-2016, 07:08 PM
#23
In Australia we have a wealth redistribution scheme known as the Luxury Car Tax - the threshold is $75,000 and the tax rate applied to any dollar above this is 33%.
On top of this you pay GST and Stamp Duty. Thus a well optioned C2S can cost $300,000 AUD or about $225,000 USD.
The purpose of the GST was to remove extraneous taxes such as stamp duty and LCT. The reality is, if you live in Australia and are in the top 10% of income earners you will find you are part of a group that pays over 55% of the total tax take.
The reality of this is the most successful and productive people tend sell their businesses or retire early. The harm to the economy (long term) is significant.
The other market based reality is it takes time to get an allocation (high demand even at these prices) for a build order and you will likely wait for 9 months to get your car (part of the cost in Australia is meeting Australian regs and RHD).
On top of this you pay GST and Stamp Duty. Thus a well optioned C2S can cost $300,000 AUD or about $225,000 USD.
The purpose of the GST was to remove extraneous taxes such as stamp duty and LCT. The reality is, if you live in Australia and are in the top 10% of income earners you will find you are part of a group that pays over 55% of the total tax take.
The reality of this is the most successful and productive people tend sell their businesses or retire early. The harm to the economy (long term) is significant.
The other market based reality is it takes time to get an allocation (high demand even at these prices) for a build order and you will likely wait for 9 months to get your car (part of the cost in Australia is meeting Australian regs and RHD).
10-24-2016, 08:39 PM
#24
Originally Posted by LexVan
The rumor I heard, is that's Lovie Smith's top recruits cars for the 2017 season.
Hey, do you know Prof. Zumdahl? He's a HUGE car guy.
Hey, do you know Prof. Zumdahl? He's a HUGE car guy.
Is a verb missing from the first sentence?
10-25-2016, 02:02 AM
#25
Rennlist Member
Wow...I'll sell them mine and go get a 991R with the profit! LOL
10-25-2016, 08:25 AM
#26
Huge profit? No. but with a stronger euro a few years ago, you could almost buy a new Porsche in the USA, drive it a year and sell it in Europe for the same price. Mind you, you can only import one car/year as a personal use vehicle and you have to own it 1 year abroad and 1 year in the country you are importing it in before selling.
10-25-2016, 08:49 AM
#27
10-25-2016, 09:34 AM
#28
Also the experience at the dealership was a bit odd. The guy didn't stop following me around after I told him I just wanted to look.
10-25-2016, 02:56 PM
#29
Rennlist Member
I sold M-Bs for many years and would have university students in purchasing new cars with cash (from parents). It also wasn't unusual for their parents to purchase a home in an upscale area for the student to live in with the idea it would increase in value during the four year period and the profit would cover some of expense of their children's education.
I sold new M-Bs to a couple Asian's, one a MD from Taiwan, here on long term stays (sabbaticals for research). They were in the US long enough to enable them to ship them home as used vehicles and avoid the high new car taxes. They saved a ton of $$ doing that.
I sold new M-Bs to a couple Asian's, one a MD from Taiwan, here on long term stays (sabbaticals for research). They were in the US long enough to enable them to ship them home as used vehicles and avoid the high new car taxes. They saved a ton of $$ doing that.
