tax
Foreign Brands Scramble To Adapt To China’s Thorny Business Environment
Many foreign luxury brands face challenges created by Chinese government policies and criticisms, but the promise of great rewards has caused them to pursue new strategies to navigate this tricky business world. 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
Chinese Wine Collectors Turning To Pétrus
Following their love affairs with Château Lafite Rothschild then Domaine de la Romanée-Conti, it appears that Chinese collectors are investing ever more into perennial status symbol Château Pétrus. 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 -
As China Luxury Tax Debate Drags On, Luxury Brands Raise Prices
As an survey by the newspaper Beijing Business Today found this week, major brands have increased prices at Beijing malls, in some cases dramatically, over the past few months. Read More -
China’s Rumored Luxury Tax Reduction Gets Cool Reception In Chongqing
As the Chinese government clarified this week, the tax moves will not do away with the luxury tax altogether, but will rather decrease it to anywhere from two to 15 percent, depending on the product. Read More -
Hainan Island Set To Launch Duty-Free Luxury Shopping Program In Sanya
Having established Sanya as one of the top tourist destinations in southern China, the Hainan provincial government now hopes the city can rival Hong Kong or Macau as a shopping destination for mainland Chinese travelers. Read More -
Chinese Ministry Of Commerce: China Will Resolve Luxury Price Discrepancy
Held annually each spring, this week the 12th China Development Forum (2011) took place in Beijing. Read More -
China May Lower Luxury Tariffs By 10%: What Will It Mean For High-End Consumption?
China's notoriously high luxury tax, which adds a 30-40% premium to a wide (and ever-changing) array of goods -- from the usual suspects like handbags and jewelry to some sporting goods like golf clubs -- is a source of constant frustration for many luxury brand marketers. Read More
