taxes
K-Beauty Set to Gain From China’s Latest Cosmetics Tax Cuts
The popularity to "K-beauty" that comes from China's obsession with all things Korean is predicted to increase with a new tax cut on imported cosmetics. Read MoreChina Gets Tough with Cross-Border E-Commerce and Customs Control
China's abruptly introduced new tariff policies and heightened customs inspections are causing major confusion among both brands and consumers. Read MoreFrom Lafite To Birkins, China Cracks Down On Rampant Luxury Smuggling
The mainland's high luxury tariffs have led to a massive underground smuggling market, but Chinese media reports that the government is working to prevent the practice. Read MoreWhat Luxury Can Learn From Starbucks In China
CCTV's Starbucks smear campaign wasn't as successful as it hoped—and all luxury brands in China should understand why. Read MoreThe ‘China Price’ Is Not Right
Columnist James Button outlines the ways in which brands can enhance domestic spending despite China's notoriously high luxury prices. Read MoreLuxury Watch Market A Crucial Factor In Swiss-China Trade Talks
As part of Switzerland and China's free trade agreement plans, China has agreed to cut tariffs on Swiss watch imports by 60 percent over the next decade. Read MoreGovernment Hints at Decrease in Some Luxury Taxes
A recent ambiguously worded official statement calling for higher luxury taxes in China also notes that some items may be reclassified as "daily necessities" and see their taxes lowered. Read MoreChristie’s Signs Groundbreaking Deal To Hold Auctions On Mainland
Christie's announced on Tuesday a pioneering deal it signed in Shanghai that will make it the first international wholly-owned auction company in China. Read MoreBeijing’s Planned Tax-Free Art Haven Will Likely Boost Domestic Market
While Hong Kong and Singapore continue efforts to become cultural, as well as financial, powerhouses, details continue to emerge about Beijing's planned freeport. Read MoreSotheby’s Coming To Beijing: What It Could Mean For The Chinese Art Market
Looking to expand beyond its highly lucrative Hong Kong enclave into the mainland China art market for quite some time now, Sotheby’s has finally staked a claim in Beijing Read More