Originally Posted by cdmoore1855
Most luxury goods with the exception of watches and jewellery tends to be far higher priced in Asia, sometimes to do with luxury goods taxes and sometimes just because the brand is damn greedy and own all the retail outlets. Take LV for example, there is no Luxury goods tax in HK nor any Duty or standard sales tax, yet the price can be slightly higher than the regular UK retail price. If you buy in the UK you will get it 20% off once the VAT is removed. There is no way to justify that except greed, not being content with the fact that HK accounts for large % of their sales, they ramp up the price. Yes retail rent is high here, but so is 5th Avenue, Champs Elysees (however you spell it) and Bond St, likely higher I would guess plus higher staff costs and for sure higher profits taxes.
Hey, if you can sell something for 10.5 k and not 9 k, who would sell it for 9 k?
Anyway, even if U VAT is 17.5% or 20%, you would never get the exact same amount due to local agents wanting a cut for their expenses etc.