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 Send to email | UK government may close online shopping tax loophole in dsmacmicrosoftnintendopcplaystationps3pspsonytaxtaxesukvatwiixbox |  By Richard Mitchell
el 24-Mar-2011 |
The gaming significance of the above headline may not seem apparent, but bear with us. This May, the UK government will consider "the continued marketing and use of highly aggressive and artificial tax avoidance schemes." As noted by VG247, businesses located in a certain part of Jersey (the UK one, not the one famous for GTL) are not required to include value added tax (VAT) in their prices. As such, many game sellers -- GAME, Amazon, Play, etc. -- base their businesses there, allowing them to sell games at lower prices than competitors (though only on items under £18).
MCV reports that the consultation planned for May will likely see current countermeasures extended. Said countermeasures allow the government to "enable the listing of specific tax avoidance schemes for direct taxes so that the subsequent use of such schemes will carry consequences for the user."
Within four years, the measures could earn the UK government as much as
£4 billion. Of course, they would also have the added side effect of raising prices on certain games. UK government may close online shopping tax loophole originally appeared on Joystiq on Thu, 24 Mar 2011 05:00:00 EST. Please see our terms for use of feeds.
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| JP Morgan: Online holiday shopping up 22% |  In a note to investors Monday, JP Morgan analyst Imran Khan wrote that online shopping during the holiday season is up 22% so far this year compared to the same period in 2009. Khan cites a Chase Paymentech survey of 50 online retailers as his source. Online shopping during the same period in 2009 was up 15% compared to 2008, so this year’s positive trend is good news for Amazon.com and othe [..] Read complete article | | Published 14-Dec-2010 by Zach Epstein in
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| Online shopping comes to Wii in Japan November 1 |  Nintendo's Wii no Ma Channel currently provides videos to Wii users in Japan. During an investors presentation, Nintendo president Satoru Iwata introduced plans to add an online shopping component to the service. On November 1, three department store companies [..] Read complete article | | Published 29-Oct-2010 by JC Fletcher in japanmiinintendosatoru-iwatashoppingwiiwii-no-ma-channel
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| Apple looking to re-invent online shopping? |  Ever the innovative commercial presence, it looks like Apple is moving towards overhauling the traditional online retail experience. According to MacNN, the company is looking into ways of "Enhancing Online Shopping Atmosphere". According to a patent filed under the same name, Apple is looking towards engineering a shopping environment distinct from today’s "Sterile and iso [..] Read complete article | | Published 19-Apr-2008 by Joshua Karp in RumorsApple
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Government Agent Leaks Xbox Game Proposal Online [Japan] |  A government agent has accidentally leaked several gigs of personal, business and government files all over the internet, including business papers, possible insider schemes, horrid poems, pictures of 'girlfriends,' and an Xbox game proposal. Earl [..] Read complete article | | Published 09-Jan-2009 by Brian Ashcraft in Japan News Oddities Only in Japan Retro Xbox
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| Circuit City holds huge online sale while stores close | | Circuit City formally began the chapter 11 bankruptcy process earlier this month, announcing that it would be closing 155 stores by year-end as part of its reorganization. That isn’t however, going to stop the troubled retailer from making a big push during what is historically the busiest shopping weekend of the year. As brick and [...] [..] Read complete article | | Published 27-Nov-2008 by Zach Epstein in RetailBlack FridayCircuit Citysalethanksgiving
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| Biggest week in online holiday shopping history pushes holiday spending over $32 billion |  The week ended December 18th was the heaviest week for online holiday shopping ever, with shoppers spending more than $6.3 billion, up 15% from the same period last year. Consumers have already spent about $31.9 billion this holiday season according to comScore, which published new figures on Tuesday. ?With only a few more days until Christmas, the preponderance of Americans? late season holiday s [..] Read complete article | | Published 22-Dec-2011 by Todd Haselton in BusinessRetailcomScoreCyber Mondayholidayspending
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