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Overall the .99 is not so spread in Europe (.95 is more common I guess). The VAT is included in the retail price by law within the entire EU. VAT is state globa
by xxs 12y ago
Overall the .99 is not so spread in Europe (.95 is more common I guess).
The VAT is included in the retail price by law within the entire EU. VAT is state global but it might have different rates for certain products or services (like books, baby food, hotel) in some countries.
Most people visiting the US would consider the hidden tax unfair.
About switching from one currency to another, in most countries the effective prices rose. Some notable recent exceptions are Estonia and Latvia where the previous prices (resp. in Krona and Lats) were kept on the price tags by law for months past the switch.
- pmjordan 12y agoVAT is state global Nit pick: this isn't strictly true - Spain's various islands (Balearic islands, etc.) have a different VAT rate to mainland Spain. And there are 2 towns in Austria with the same VAT rate as Germany's, not the rest of Austria's - one is an enclave in Germany, the other is only reachable by road via Germany. There are probably other weird VAT exceptions, but in any case, consumer prices must always be quoted including VAT.