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Play.com Leaving Retail

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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11. Re: Play.com Leaving Retail Jan 10, 2013, 20:33 Golwar
 
Shteve wrote on Jan 10, 2013, 08:48:
Actually most of Play's customer went to Amazon years ago. Amazon do charge VAT, but dodge most other taxes - Creston's end result is likely correct.

Ahem no. Assuming that it is true what you say about the customers moving away to Amazon years ago and the Amazon bending the rules, then we'd simply have the very same situation as before the intervention of politicians. The customers, the employees and the cash simply moved elsewhere.

Creston's version was more like life ended for everyone.

Besides, UK politics has shown some intentions to stop those tax loop holes for Amazon, Apple, Google, Facebook & Co too.
 
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10. Re: Play.com Leaving Retail Jan 10, 2013, 08:48 Shteve
 
Actually most of Play's customer went to Amazon years ago. Amazon do charge VAT, but dodge most other taxes - Creston's end result is likely correct.  
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9. Re: Play.com Leaving Retail Jan 10, 2013, 06:18 Golwar
 
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!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston

Slow clap for yourself Creston.
Surprise! Shoppers will move to alternatives now, which pay VAT.
Those companies will now be able to offer more jobs, without being required to base their business on Jersey to compete.

But I guess in your mind all the revenue that dying companies generated simply vanishes with their existence?

This comment was edited on Jan 10, 2013, 08:02.
 
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8. Re: Play.com Leaving Retail Jan 10, 2013, 05:53 Shteve
 
Play.com always was an online only e-tailer. The difference now is that they're no longer selling anything; they've moved to an Ebay/ Amazon Marketplace style "business", hence closing their retail side.  
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7. Re: Play.com Leaving Retail Jan 9, 2013, 18:32 Quboid
 
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!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston

Creston logic: "Some companies avoid paying the taxes they are supposed! Good for them, now shall we increase taxes on those who do pay, reduce government services, or further increase in the spending deficit?"

I can understand small government arguments (I don't agree, but I can where they're coming from) - but loop-holes aren't the way to do that if that's what you're aiming for.
 
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- Quboid
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6. Re: Play.com Leaving Retail Jan 9, 2013, 12:26 theyarecomingforyou
 
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!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston
And what's the alternative... letting dozens of other businesses go bankrupt because they can't compete? If a business can't survive without massive tax breaks then it shouldn't be allowed to survive.
 
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SteamID: theyarecomingforyou
Star Citizen: Blue's News
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5. 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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4. Re: Play.com Leaving Retail Jan 9, 2013, 11:22 RollinThundr
 
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!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston

They do consider it a good job, the more reliant on government they make you, the more in control they are.
 
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3. Re: Play.com Leaving Retail Jan 9, 2013, 11:07 nin
 
hookers and blow?

BOATS AND HOS!

 
http://store.nin.com/index.php?cPath=10
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2. Re: Play.com Leaving Retail Jan 9, 2013, 11:05 Creston
 
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!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston
 
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1. Re: Play.com Leaving Retail Jan 9, 2013, 10:50 Arithon
 
Sad, but it's been on the cards since they sold to Rakuten.

Started buying DVD's and CD's from them in 2002 because they were half the price of the high street. How was VAT (17.5% at the time) free 50% cheaper than the high street? Ask the BPI and the rest of the greed industry why CD's and films cost so much over the odds (32.5% more), when they have control of the supply chain....
THAT isn't caused by piracy, but may well cause it.
 
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There are 10 types of people in this world. Those who understand binary and those who don't.
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