Experience Stern | News & Events

Excerpt from China Radio International -- "It doesn't seem the taxes set up will make them prohibitively expensive. One thing that's important to keep in mind is that there tends to be much less sensitivity to price in the luxury goods market. So if you were talking the Louis Vuitton bag, or something like this, I don't think that a 10% or 17% value-added taxes is going to make a difference for the type of consumers who look to consume those luxury goods."

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