Shein, Retail industry, International trade, Economics, Global economy, Business, UK news, US news, China, European Union, World news Business | The Guardian
Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcelsTax campaigners have joined retailers in urging the UK government to close a tax loophole to prevent a “massive influx” of cheap goods from companies such as Shein and Temu flooding the market.It comes after the EU said it was joining the US in phasing out an exemption on customs duties for low-value parcels that has been used by the companies to export goods from China cheaply. Continue reading…
Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels
Tax campaigners have joined retailers in urging the UK government to close a tax loophole to prevent a “massive influx” of cheap goods from companies such as Shein and Temu flooding the market.
It comes after the EU said it was joining the US in phasing out an exemption on customs duties for low-value parcels that has been used by the companies to export goods from China cheaply.
