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Play.com Leaving Retail

[Jan 09, 2013, 10:16 am ET] - Share - Viewing Comments

U.K.-based game/media store Play.com is closing its retail operations, reports MCV, saying the company will live up to its name as an online-only e-tailer as of March. More than 200 jobs will be lost as a result of the closure, which comes just months after the company was purchased by Japanese firm Rakuten. Apparently the company is suffering a downturn due to the end of their ability to offer VAT-free imports on lower-cost items.

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Re: More Big Picture Details

Jan 9, 2013, 12:05

HorrorScope

Creston wrote on Jan 9, 2013, 11:05: Government logic: "Dammit, that store is selling stuff without VAT / sales tax on it! We have to get sales tax out of them, we're losing out on billions in revenue!" Do they not need money for services the people need? In America I think if we rec'd all the money companies are funneling elsewhere, the country/states/cities wouldn't be bankrupt. Like states that don't have certain taxes, they feel they have the better answer, and right now it can look that way. But if you gave all the states the same no taxes, all of a sudden those other states with no taxes today don't look so sexy, things are even again. So what is the net result long term... All states no taxes, but then everything gov't wise is bankrupt and then you'll complain about shitty roads etc.

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