So the main issue is rampant taxation?
Still, an import duty at 3% doesn't explain why EU-made instruments are so expensive...
Consider the following thought-exercise:
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Fender Standard MIM Telecaster
**TEXAS**
Base Dealer Cost: $300 (est.)
Shipping, Inventory, and Stocking Fees: $35 (est.)
Total Dealer Cost: $335 (est.)
Street Price: $399
Dallas Texas Sales Tax @ 8.25%: $32.92
Total Cost to Customer: $431.92
Net Dealer Profit: $65 (est.)
***UK***
Base Dealer Cost: $300 (est.)
Shipping, Inventory, and Stocking Fees: $160 (est)
Import Duty @ 3%: $13.80
Total Dealer Cost: $473.80
Street Price (including 17.5% VAT): $658 (329 UK quid x $2)
Total Cost to Customer: $658
Gross Dealer Profit: $184.20
Less 17.5% VAT ($115.15)
Net Dealer Profit: $69.05
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Please understand that these figures are not definitive, and are simply a rough estimate...
I'm beginning to understand why my ancestors left...
(just kidding!
)