[Re: The unlawful EU financial transaction tax should rightfully be abandoned, yesterday]
I oppose the EU’s Financial Transactions Tax (FTT), but why are we ignoring the fact that we already have a domestic 0.5 per cent levy on share trading in the UK? Stamp duty is five times the rate of the FTT’s proposed 0.1 per cent rate on shares, and 50 times the proposed 0.01 per cent tax on derivatives. Surely this is also an anti-growth tax, and a significantly larger one than the proposals from the EU? I am at a loss as to how the smaller levy can be called a tax on growth and the larger one not.
Who would not fork out the extra £80 to get Apple’s iPhone 5s? Especially since the “cheaper” 5c looks cheap. Apple would do better to not confuse the brand. Having an Apple product used to mean owning a premium item. It still does, so we are left with paying slightly less than premium money for a cheap-looking phone in the 5c.
Robin De Villiers
Apple faced a tough choice: either increase sales in developing markets by reducing prices, or keep a premium brand image and forego market share to cheaper phones. Time will tell if they chose wisely.
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