Quote:
Originally Posted by lkmiller
If the refund were actual money back, they'd need to give you the difference in the tax back too. But since the refund is store credit, they still collect tax on what you actually spent. At least that's how I understand it. Someone please correct me if I'm wrong.
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The problem is I'm still paying tax on the part I'm not supposed to have really "spent", and will have to pay again when I do spend it.
I paid $19.99 + 13%($2.60) tax.
Amazon has the book for $9.99, so they gave me back the difference plus 10% of Amazon's price, for a total of $11 refunded.
This means I only really paid Kobo $9 for the book.
I should only have had to pay 13% of $9($1.17).
When I use the $11 store credit I'll have to pay tax again.
The extra tax ($1.43) cost me more than the incentive ($1.00 off) saved me.