**Comet Liquidation Sale. Yeah. Right. . . **

spike241

jhe wrote: »

i went into comet just before it became public it was to go into administration to price some epson ink, price in comet £60, price at tesco £34. when i pointed the price difference out to the salesman he said yes but comet ink are buy two get one free!!!. called into comet last week to collect a pre ordered item, epson ink is now £60 (no buy 2 get 1 free), so maybe they dont really want to sell it.

That's still more expensive, even for 3 :huh:

Azari

mr_sharma wrote: »

If Amazon's tax issues get addressed, will that mean an increase in their prices though?

Not necessarily.

The tax Amazon are not (or are hardly) paying is a tax on profits, rather than sales. (The tax concession whereby VAT was avoided by supplying from the Channel Isles has already been effectively removed.)

jhe

spike241 wrote: »

That's still more expensive, even for 3 :huh:

yes i know, but the salesman in comet did not, he was still trying to persuade me to buy them, when i explained they were still more expensive he offered to price match!.

dickydonkin

Ionkontrol wrote: »

Shouldn't be a vulture then should you.

I do have sympathy for all of the people who are about to lose their jobs - particularly so close to Christmas, but what do you expect the Administrators to do?

Suppliers will still be owed money by Comet and it is in the interest of these AND their employees that at least their jobs are secured by hopefully the administrators securing enough cash to pay their creditors or even manage to get a buyer for the company (unlikely).

I take it then that you have never bought something from a closing down sale then?

mr_sharma

Azari wrote: »

Not necessarily.

The tax Amazon are not (or are hardly) paying is a tax on profits, rather than sales. (The tax concession whereby VAT was avoided by supplying from the Channel Isles has already been effectively removed.)

But profits are affected by sales surely? I think there was a news story from John Lewis saying that the playing field won't be level until companies like Amazon start paying their fair share of tax (or words to that effect).

I think the tax loophole is for Amazon to register in a European country where the tax rate is low as Europe is seen as a single entity.

good_advice

Comet stores are going under because of what the opp did. Go in the store to look and inspect the goods then go home and buy online because it is cheaper.

Shops are closing every day because people buy mostly on line(even me).

Depending on what you want to buy in the Comet sale they are offering 10%.20% and 30% off.
No refunds or returned. Once you have paid there is no going back.
One good thing is that they can now take their own gift cards again.
No American Express cards.

The guarantee will now be with the manufacture and not the store. So recommend registering what you buy online, like with Morphy Richards for example.

If spending over £100 use a visa card.

There is now no 3 for 2 offers but you will have the 20% off per item.

Remember the staff are soon to loose their jobs and are doing as per told. Be nice to them!

Azari

mr_sharma wrote: »

But profits are affected by sales surely?

Indeed.

But think of it like any other tax.

If income tax is raised (thus reducing every worker's profit on selling his or her services) it does not result in everyone immediately putting in a wage claim to make up the difference. Nor does reducing income tax result in every employer reducing salaries.

The tax Amazon are mainly not paying is the corporate equivalent to income tax.

mr_sharma

I'm not sure how much tax they are paying or whether they're declaring a "fake" loss for offset purposes. If they are made to pay something they're not currently paying, it's inevitably going to affect their bottom line (I think what I'm suggesting was mentioned on Question Time which is where the thought sparked from).

Azari

mr_sharma wrote: »

I'm not sure how much tax they are paying or whether they're declaring a "fake" loss for offset purposes. If they are made to pay something they're not currently paying, it's inevitably going to affect their bottom line (I think what I'm suggesting was mentioned on Question Time which is where the thought sparked from).

It's not impossible that they raise their prices but through all the changes in corporation tax over the years I cannot remember a single case of any reported price variations as a result.

Ionkontrol

lally666young wrote: »

That is not a very nice thing to say to a person, it would be different if the boot was on the other foot wouldnt it? !

But it is exactly what the OP was doing. Company going down, having a fire sale, grab a bargain and then copping the hump when stuff was cheaper elsewhere. I stand by my comment.