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Thread: How will GST raise effect prices of photography equipments?

  1. #21

    Default Re: How will GST raise effect prices of photography equipments?

    Quote Originally Posted by zcf View Post
    No cascade effect? So the shop pay for higher paper, administration cost? They can't claim back, so they have to pass to consumer to maintain the same margin. The shop owner may feel the pinch of general price increase, so may increase the rental to maintain the same/better income, so the shop got to pay more for rental, and pass it to consumer again. All these small increase do add up and being passed to consumer. The garment sure wish don't have cascade effect and no uproar from consumer.
    Why can't claim back?

    Not registered then suck thumb lor.

  2. #22

    Default Re: How will GST raise effect prices of photography equipments?

    no GST, no cascading effect right?

  3. #23

    Default Re: How will GST raise effect prices of photography equipments?

    after every change there will b another change. in every action there will b a reaction as termed in physics. this gst thing will be the catalyst and it will spiral up to create the multipler effect or vicious cycle as termed in economics.

    businessmen r here to take advantage of opportunities of all kinds. some businesses loudly advertise that they will absorb the gst hike. do u think that they r doing charity? most likely not. most probably,trying to increase sales with the same pricing at a lower margin but with a targeted higher volume to achieve a higher net profit at the end of the finiancial period.

    in the real world, any change in fiscal policy alway ended up with the masses paying more. the best example was the conversion of the european currencies to Euro in 2002. despite years of preparations and with official conversion rates, when D-day came, many retail prices was converted to a higher selling price - some as much as 50% higher. european liberte in protest kicks in and gov laissez faire prevails. all the 12 europeans nations had the same experience.

  4. #24
    Senior Member wrx_sti_22b's Avatar
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    Default Re: How will GST raise effect prices of photography equipments?

    Will price of items immediately increase come 1st of July in the camera shops? (MS Colour, TK Photo, Cathay Photo etc...)

  5. #25

    Default Re: How will GST raise effect prices of photography equipments?

    Quote Originally Posted by wrx_sti_22b View Post
    Will price of items immediately increase come 1st of July in the camera shops? (MS Colour, TK Photo, Cathay Photo etc...)
    廢話! Needless to say mah! I think the retailers are more eager to raise the price sooner.

  6. #26

    Default Re: How will GST raise effect prices of photography equipments?

    This is confirmed... Once hit 1st july, the prices all will rise by 2%. What we don't know is what they might choose to add on claiming "ai ya, gst rise we also pay more". It all depends on the goodwill of the dealer, but in the long term, overall prices will rise due to inflation, so...just BBB now to escape!
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  7. #27
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    Default Re: How will GST raise effect prices of photography equipments?

    Quote Originally Posted by ptyap View Post
    Is it that simple? I am more afraid of the accumulative effects of GST raise; then the raise of prices for photography equipments would not be merely 2%.
    The GST increase for the cmaera alone is not much. The highest GST increase is the rental for the camera shops. Retail space are expensive. All other operating expenses of the shop are also subjected to GST increase. Yes, the business owner can off-set with the govt, but chances are, they will try to pass on the cost to the consumers, unless when the economy is bad...which is not now.

  8. #28
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    Default Re: How will GST raise effect prices of photography equipments?

    Quote Originally Posted by wrx_sti_22b View Post
    Will price of items immediately increase come 1st of July in the camera shops? (MS Colour, TK Photo, Cathay Photo etc...)
    So shops (gererally speaking) already started raising the prices since 2-3 months back so that they can claim they are not increasing the prices even when GST goes up. Simple strategy to con the millions of simpleton in Singapore.

    e.g. electricity prices gone up claiming oil prices....but we all know a large percentage of our electricity are generated from natural gas and natural gas prices were negotiated years ago before the construction of the pipelines started.

  9. #29

    Default Re: How will GST raise effect prices of photography equipments?

    Quote Originally Posted by wrx_sti_22b View Post
    Will price of items immediately increase come 1st of July in the camera shops? (MS Colour, TK Photo, Cathay Photo etc...)
    prices for most items will most definetely increase except for electronic based items as the prices r always going down eg mobile phone prices r always dropping by a few $ every 2 wk or so, similarly r the prices of most digital cameras and pc. the reason for the price reduction is because of design and productitivity improvements.

  10. #30
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    Default Re: How will GST raise effect prices of photography equipments?

    Prices of electronic goes down over time because the cost of production is actually very cheap. The R&D and IP cost more than the production cost. Since R&D cost is spread over a certain number of months, electronics prices drop drastically once the R&D cost is recovered usually after the first 18 mths.

    Fierce competition sometimes shorten the R&D cost recovery period which will result in the company making losses (paper loses).

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