5270 p

[Fat_ninja]

Originally Posted by martinr

USA prices on the patek website are always without tax. Sales tax varies by county. 9.5 % from my AD but 7.75 % where I live. Some states don’t have sales tax. Ship it there and avoid the tax, not really legal but it’s done all the time.

The wayfairer act stops that shipping practice

[martinr]

Originally Posted by Fat_ninja

The wayfairer act stops that shipping practice

But Oregon, Delaware, and a couple other states have no sales tax so get a hotel room and ship it there. If you’re buying a 195K watch and want to take that risk you save quite a bit. Just don’t advertise it.

[Russell996]

Originally Posted by ragsk

I think the point you are making is how much a UK domiciled buyer pays versus a US buyer in their respective markets. Yes, the tax in the UK is a much higher burden.

This is exactly the comparison I would make with regards to Patek's MSRP policy, a UK citizen buying in the UK compared to a US citizen buying in the US.

[Fat_ninja]

Originally Posted by martinr

But Oregon, Delaware, and a couple other states have no sales tax so get a hotel room and ship it there. If you’re buying a 195K watch and want to take that risk you save quite a bit. Just don’t advertise it.

I was told by most of my AD’s that tax has to be collected at point of sale irrespective of where you buy and ship to


Most large chains, AP and RM have already implemented this policy. I’ve heard of a hand full of small shops still willing to ship but not on high ticket items.


If you have an AD willing to do it great.

[jschmidtdmd]

Originally Posted by Fat_ninja

I was told by most of my AD’s that tax has to be collected at point of sale irrespective of where you buy and ship to


Most large chains, AP and RM have already implemented this policy. I’ve heard of a hand full of small shops still willing to ship but not on high ticket items.


If you have an AD willing to do it great.

You’re actually ok shipping to the aforementioned states, since the final destination does not have local tax. Every other state they are supposed to collect tax at the time of sale.

I’m very curious as to how this will impact the sale of ultra high end pieces. They are already expensive and now you’re losing away a bunch of cash for a depreciating asset on tax.

[Fat_ninja]

Originally Posted by jschmidtdmd

You’re actually ok shipping to the aforementioned states, since the final destination does not have local tax. Every other state they are supposed to collect tax at the time of sale.

I’m very curious as to how this will impact the sale of ultra high end pieces. They are already expensive and now you’re losing away a bunch of cash for a depreciating asset on tax.

I know this has kept me from buying certain watches. Getting a price bike and then a tax high is like 20% is a lot

[jschmidtdmd]

Originally Posted by Fat_ninja

I know this has kept me from buying certain watches. Getting a price bike and then a tax high is like 20% is a lot

Exactly- and then instant depreciation.

[GB-man]

My thought was that buying anything new pre implementation is like getting a 10% discount on top that is disappearing. At least that is how I viewed AP.

[watchucallit]

I agree 100%... and this is why I raised the tax issue.. For the buyer meaning us-- the bottom line is how much we drain the bank account regardless of how much goes to Patek, the dealer and respective governments

Originally Posted by Russell996

This is exactly the comparison I would make with regards to Patek's MSRP policy, a UK citizen buying in the UK compared to a US citizen buying in the US.

[watchucallit]

It is my understanding that is the sales price is over 100K the dealers have to fill out and declare things differently so there is a more precise record. My understanding is that you can sign a declaration it is a gift for someone who lives in one of the states like Oregon and not pay tax but that can be checked.. Maybe Oregonians are getting lots of nice gifts these days

Originally Posted by jschmidtdmd

You’re actually ok shipping to the aforementioned states, since the final destination does not have local tax. Every other state they are supposed to collect tax at the time of sale.

I’m very curious as to how this will impact the sale of ultra high end pieces. They are already expensive and now you’re losing away a bunch of cash for a depreciating asset on tax.

[watchucallit]

two last points-- if you buy a used piece in Europe there is no VAT.. that is not true in the USA.. However seems like it is unfair to collect sales tax more than once on a single item.

In California now -- things get more complicated because you cannot ship a watch with a Crocodile or Alligator strap... I am generally a liberal person and like when CA takes the lead in progressive changes (e.g. climate friendly power, same sex marriages) but this law makes absolutely no sense. These animals are being killed for over population and they are used as a food source and they are not as neurologically advanced as mammalian species ..