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taxes

Fashion Sounds Off on Biden’s Proposed Corporate Tax Hike

Trade groups and business leaders said higher taxes on fashion and retail wouldn't be good for the industry.

Louis Vuitton USA Tagged as Tax Dodger

The French label is fighting a lawsuit in Oregon.

Frasers’ Profits Soar, But Shops Tax Reform Remains Bone of Contention

Frasers Group CEO Michael Murray said shops tax reform is needed as British retail fights a "fundamentally…

Top Luxury Group Urges Reversal to UK’s ‘Disastrous’ VAT Decision

Walpole, which represents 250 British luxury brands, said dropping VAT benefits has shifted $1.5 billion in…

Indian Footwear Makers Protest Crushing New Tax Hike

Indian footwear producers are up in arms protesting a bruising Jan. 1 tax hike that threatens their prospects.

LA Fashion District Wholesaler Sentenced for Customs Violations, Tax Offenses

There is a restitution order in the case for $35.28 million, a forfeiture money judgment of $81.56 million…

Tax Cut Gifts British Retailers Much-Needed Breathing Room

The U.K.'s Rishi Sunak changed the business rates calculation, but the temporary tax reduction paid by…

Retail Sees Job Gains, as Global Leaders Agree on Corporate Tax: Week Ahead

Retail saw job growth in September as chains begin seasonal hiring, while a new global tax plan treats…

UK Retail Group Urges Cut on ‘Excessive’ Shops Tax

British Retail Consortium is urging UK's treasury head to include a shops tax cut in the Autumn 2021 budget.

Without Business Tax Reform, ‘Four in Five’ British Retailers Could Close

The U.K.'s current system "substantially" impacts a retail store's profitability, one real estate firm claims.

Retail Pushes Back on 26.5% Corporate Tax Proposal

RILA described the plan as "an enormous policy failure" that's "blatantly unfair" to retailers already…

What G-7 Global Tax Plan Could Mean for Amazon Retail

Could the G-7's global tax proposal finally force Amazon to spin off its money-printing cloud division?

Industry Up in Arms Over Tipped 25% Tariffs

The latest installment of tariff drama revolves around digital services taxes, a growing flashpoint in…

Six British E-Tailers Form Their Own Trade Group

They're also expected to play a lobbying role with tax reform policy in the U.K.

How Brexit-Linked VAT Rules Could Make British Brands the ‘Biggest Losers’

Experts say the Treasury's new policy on VAT seems almost designed to shoot London, and its status as a…