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Mar
2013

Consumption tax, up or down?

The other subject of discussion at the moment is the tax rates for luxury goods, and whether there is something that can be done with them to stimulate domestic consumption. The ideas publically put forward by the government so far seem very farfetched involving an increase and not a decrease in tax because there is a suspicion at their level, that luxury brands make too much money and increase their prices each year. The logic is that an increase in tax would have to be swallowed by the brand, as they cannot keep increasing retail prices indefinitely…..

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