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Serious DFS Close Shop at Changi Airport ... Highly Paid FTs & $$$ Laundering Rich Don’t Shop Anymore???

nightsafari

Alfrescian
Loyal
KNN how does dfs model works KNN is It they absorb the tax or govt exclude tax for them KNN if they absorb sure is lose money business KNN if govt exclude tax then everyone also want to earn KNN
DFS operates in tax-free zones agreed in advance with countries customs authorities. So inside Changi secure area, sinkieland calls it outside of tax jurisdiction so can buy things without paying import duties and whatever tax kastams willing to exclude. So the stuff is bought at cost with liquor or ciggie duties for example. This is significant savings to bottom line for DFS.

The catch is, sinkie gahmen still owns airport and gets income from leasing the space to DFS. So what they do? Jack up rents sky high. So instead of left pocket make through duties on sale, right pocket make from rental to DFS. The way DFS makes up for this though is to sell like mad. So DFS assistants always ready to help yo buy stuff and give recommendations. Because fixed cost is high and unit cost is low, more sales = more $$$. If sales down, then uplorry.

ok?
 

sweetiepie

Alfrescian
Loyal
DFS operates in tax-free zones agreed in advance with countries customs authorities. So inside Changi secure area, sinkieland calls it outside of tax jurisdiction so can buy things without paying import duties and whatever tax kastams willing to exclude. So the stuff is bought at cost with liquor or ciggie duties for example. This is significant savings to bottom line for DFS.

The catch is, sinkie gahmen still owns airport and gets income from leasing the space to DFS. So what they do? Jack up rents sky high. So instead of left pocket make through duties on sale, right pocket make from rental to DFS. The way DFS makes up for this though is to sell like mad. So DFS assistants always ready to help yo buy stuff and give recommendations. Because fixed cost is high and unit cost is low, more sales = more $$$. If sales down, then uplorry.

ok?
means in airport dfs store left pocket in right pocket out to govt but in other dfs store like orchard govt also need to chap jit kah to make the property owner charge high to dfs and collect kopi money from the property owner ? KNN
 

nightsafari

Alfrescian
Loyal
means in airport dfs store left pocket in right pocket out to govt but in other dfs store like orchard govt also need to chap jit kah to make the property owner charge high to dfs and collect kopi money from the property owner ? KNN
orchard store I dunno. but traditionally how airport stores work is like this.

Maybe orchard store got to pay duties! and the gong kia shoppers go there and buy full tax! :eek:
 

mudhatter

Alfrescian
Loyal
If any company is even thinking of surviving in this business it has to bring the Queen back

6541850497_3b66c12a4f.jpg

What is this obscene monstrosity?

Don't tell me that slit eyed ugly chop stick nation has come up with this mode of transport? :geek:
 

halsey02

Alfrescian (Inf)
Asset
Chocolates, souvenirs, cosmetics, bras and panties.

Chilli craps flavoured condoms, endorsed by Wooden, white condoms, whiter than white, Mee Siam Flavoured, Old Chang Kee Curry Pok Flavoured, Corona Fried Chicken Flavoured, Punggol Nasi Lemak Flavoured..CONDOMS.

Bring home the taste of Singapore..where ever you go....SUCK SINGAPORE..buy Singapore Flavour Condoms...ha ha ha
 

borom

Alfrescian (Inf)
Asset
I do not know the inside story but in the red dot, rental is almost always the killer.
Whats the point of slaving day and night for the landlord to make the most leaving you with crumbs.
The problem is these landlords are mostly govt entities or GLC's with "unlimited" funding and can just chalk off any losses as " long term investments".
So bottom line sinkies have to pay-through higher cost of goods and services or funding of govt entities/GLC's via higher and higher min sum or CPF contributions.
The winner-million dollar ministers
 
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