luxury tax
China Proposes Luxury Tax Increase to Rein in Millennial Debt
China seeks to increase the luxury goods tax rate to curb Millennials' irrational spending on luxury brands and bring back a culture of frugality. Read More
Private Jet Brands Deny ‘Luxury’ Label In Fear Of China Tax Hike
In response to the possibility of a new luxury tax, private aviation companies are calling non-commercial jets "a very normal means of transportation." Read More
Net-A-Porter May Find It Difficult To Cross The Great (Tax) Wall Of China
Net-A-Porter's China expansion efforts illustrate the complexities of the country's labyrinthine tax policy. Read More
No End In Sight For China’s Stiff Luxury Taxes
As Chinese tourists crammed into luxury boutiques in Europe and the US while domestic spending on high-end goods remained, by all accounts, relatively modest during China's Lunar New Year holiday, once again the official Chinese press has brought up the issue of luxury tax reform. Read More
For Luxury Brands, Raising European Prices To Offset China No Long-Term Fix
The yawning price gap between luxury goods sold in China and Europe has hit record highs, turning into quite the chronic headache for Chinese shoppers and luxury-good purveyors alike. Read More
Survey: More Chinese Luxury Consumers Shopping Locally
Bucking one of the defining trends of China's luxury market, that of mainland Chinese luxury consumers traveling abroad or to Hong Kong to stock up on high-end items, a new survey found that shoppers are now staying much closer to home. Read More
China Luxury News: Ferrari Rides The Dragon; Sands Cotai Launch; Could Tax Reform Hurt HK?
A roundup of luxury news coming out of China this week, from Ferrari's Year of the Dragon 458 Italia to the launch of the Cotai Sands Central and Beijing's ongoing tug-of-war on stiff luxury taxes. Read More
China’s Expected Luxury Tax Cuts May Not Spur Domestic Consumption
One of the big stories this week in China's luxury market was the possibility that Beijing may soon lower China's notoriously high luxury taxes, which can tack upwards of 30-40 percent onto the price of imported high-end goods. Read More-
Rising Luxury Cosmetic Prices In China Outpace Tax Reductions, Fueling Frustration
Recent moves by Beijing to lower import taxes for high-end cosmetics have had little effect, as price increases of anywhere from 5-15 percent by the brands themselves have outpaced tax reductions. Read More -
Eight Key Trends That Made Their Mark In China In 2011
With commentators around the world weighing in on what 2012 will hold for the luxury industry in China and the country's still-booming art auction market, it pays to take a step back and look at some of the major trends that took shape in 2011. Read More
