tag:blogger.com,1999:blog-5190090153914400044.post3344416951803865774..comments2023-12-28T02:35:17.193+00:00Comments on race-pace.net: Wiggle Sold in £180M Private Equity DealAnonymoushttp://www.blogger.com/profile/00939215981235016467noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5190090153914400044.post-11794293968394297962011-12-11T22:09:14.446+00:002011-12-11T22:09:14.446+00:00Great post Phil, I'm from the UK and live in S...Great post Phil, I'm from the UK and live in Southern California now so although I'd read the headlines on Wiggle recently I never gave it much thought so it was nice to read your insight on what is happening in the Cycling Biz back Home.<br />I ride with a number of Guys who buy from Wiggle, they have a great Site and everyone I know is very happy with their dealings.<br /><br />One question, I know that VAT is "hidden" in the UK, here in the US we have "State Tax" so for instance, the price on a Taxable item would be $100 + Tax. So is VAT left hidden in the purchase price for US Customers? <br /><br />There is an added incentive to buy online here in the US from a different State, sales Tax here in California is ~8%, so if we buy online from, say, a company in Florida that doesn't have a "Physical presence" in California we can save $480 on a $6000 Bike. Although, with the State of California being insolvent (The whole country is Bankrupt) they are trying to close this Loophole, we are now asked to declare this on our yearly State Tax forms (we don't have PAYE).I'm sure they collected $13 last year.<br /><br />One of my Favourite sayings is " Wanna make a Million Dollars? Invest two Million in a Bike Shop"<br />This is a shame, we *need* Bike Shops to hang out in and meet for Shop rides (not to buy stuff from). I tried to buy a pair of Specialized BG Carbon Shoes from my LBS (local Bike Shop), they could have made $360, but they didn't have my size "We will order a Pair and call you when they come in" that was 3 months ago, they never did. They are good for when I'm in I-WIN mode like when I'm on my last Tube.<br /><br />Which is a shame.<br /><br />Cheers then..<br /><br />Peter<br />@OCroadiePeter Yhttps://www.blogger.com/profile/08981541889483269975noreply@blogger.com