The Guardian reported Shein’s U.K. unit shifted most of its 2 billion British pounds ($2.64 billion) 2024 sales to its Singapore parent to reduce taxable profit. The company paid 9.6 million pounds ($12.7 million) in U.K. corporate tax — 25% of 38.2 million pounds ($50.4 million) pre-tax profit. Critics say this is low since 84% was booked as Singapore procurement costs, where effective rates can be 5%. Campaigners estimate Shein avoided up to 200 million pounds ($264 million) in tariffs under the U.K.’s duty-free rule for parcels under 135 pounds. Shein dismissed accusations as “seriously inaccurate,” saying it complies globally.