Remember, Corporations Don't Pay Higher Taxes...You Do

When the politicians start demonizing the corporations and talking about hitting them with a VAT (Value Added Tax), remember this one little thing: Corporations do not pay this tax...the consumer does.  The companies just roll it into the price, as part of overhead, and we get stuck paying the tax.  - Brian
Apple Bumps UK Prices as VAT Rises

Monday January 03, 2011 09:07 PM EST
Written by Eric Slivka

Apple today took down its online store in the UK for a few hours, moving to raise prices to account for an increase in the national value-added tax (VAT) going into effect today that is seeing the rate rise from 17.5% to 20%.

The price increases have resulted in Apple straying from its usual price point targets, as an entry-level 13" MacBook Pro or 21.5" iMac that previously cost £999 with VAT now goes for £1020, while the entry-level Mac Pro price has moved from £1999 to £2041.

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