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View all search resultsluxury-goods
Academia 1 year ago
PREMIUM
VAT hike sparks criminal risks for entrepreneurs
The recent VAT hike has created a dual rate system that presents liabilities to both entrepreneurs and consumers, pointing to a need for accountability on the part of the public in understanding regulations as well as on the part of government in terms of outreach to ensure effective implementation and to avoid penalizing potential errors resulting from regulatory missteps.
Academia 1 year ago
PREMIUM
Policy reversals erode Indonesia's economic stability
While the government's decision to backtrack on the planned VAT rate hike offers short-term relief, it also erodes public trust and investor confidence amid a shrinking middle class, which points to a need for comprehensive reforms that include labor formalization, downstreaming expansion, human capital development and supply chain integration.
Regulations 1 year ago
PREMIUM
Resellers fear, retailers cheer as crackdown roils duty-free import trade
A crackdown on duty-free imports underpinned by new regulations is worrying many who have made a living of loopholes, traveling in and out of the country with goods bought abroad and sold on at home.
Lifestyle 6 years ago
Sparkle fades as coronavirus risks wiping out luxury goods growth
The luxury goods industry normally relishes the spotlight, but in the case of China's coronavirus it is rueing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.
Lifestyle 6 years ago
Cartier owner Richemont signals Tiffany bid is unlikely
Richemont signaled it’s inclined to focus on expanding its own jewelry brands rather than start a bidding war with rival LVMH for Tiffany & Co. And the latest numbers show the Swiss watch and luxury company has some work to do.
