Taxing luxury goods becomes a hot issue
By Liu Jie and Wang Wen | China Daily | Updated: 2011-10-24 07:57
|
Shoppers holding bags from luxury stores Gucci, LVMH Moet Hennessy Louis Vuitton SA and Cartier Ltd in Hong Kong. Hong Kong retail sales, boosted by Chinese mainland tourists, surged 26 percent to HK$264 billion ($34 billion) in the eight months up to the end of August. Jerome Favre / Bloomberg |
Retailers, distributors and sellers are all keen to see duty lowered
Photo
