Wish S-1 • Hacker News Board

Re: Wish S-1

#151

Post by [deleted] » Mon, Nov 23, 2020, 10:37 PM UTC

mbesto wrote: post #123

almost_usual wrote: post #83

Earlier quoted context omitted.

If every human stopped working at the company for a day the product would still work (not a meatspace product). The company will typically have a high GAAP gross margin.

> If every human stopped working at the company for a day the product would still work (not a meatspace product). So an automobile company?

[deleted]

Re: Wish S-1

#152

Post by Scoundreller » Tue, Nov 24, 2020, 11:56 PM UTC

robryan wrote: post #129

Scoundreller wrote: post #118

Earlier quoted context omitted.

The problem with Wish (US) being a wrapper on top of AliExpress is that Wish now charges you state sales tax. Ali does not and I doubt they ever will. For pricier items, it can make a difference.

Interesting, wouldn’t AliExpress be building up big potential sales tax liabilities with US states?

I know I'm late to this, but it turns out they do collect US sales tax. Not sure about the others like taobao or dhgate, etc.

Re: Wish S-1

#153

Post by robryan » Thu, Nov 26, 2020, 5:03 AM UTC

Scoundreller wrote: post #152

robryan wrote: post #129

Earlier quoted context omitted.

Interesting, wouldn’t AliExpress be building up big potential sales tax liabilities with US states?

I know I'm late to this, but it turns out they do collect US sales tax. Not sure about the others like taobao or dhgate, etc.

Yeah, might be okay for small overseas businesses to ignore economic nexus of US states, but I am sure some states will eventually go to great lengths to get their hands on big liabilities built up by big companies.