Share Name Share Symbol Market Type
Salvatore Ferragamo BIT:SFER Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.34 -6.19% 20.30 20.28 20.31 21.19 19.71 20.89 1,568,368 16:35:14

Luxury Brands Urge UK Government Not to End Tax-Free Shopping for Visitors -Vogue Business

11/11/2020 11:54am

Dow Jones News

Salvatore Ferragamo (BIT:SFER)
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--Luxury-goods brands including Gucci and Salvatore Ferragamo have written an open letter to the U.K. finance minister, Rishi Sunak, asking him not to end tax-free shopping for international visitors in January, Vogue Business reports.

--The U.K. government said in September that it would end tax-free shopping for international visitors, a scheme under which shoppers can claim back 20% of their luxury purchases, Vogue Business reports.

--Critics say the planned move amounts to a fresh 20% tax on luxury goods and warn it could see companies close flagship stores in the U.K., Vogue Business reports.


Full story: https://bit.ly/3lyLuhv


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(END) Dow Jones Newswires

November 11, 2020 06:39 ET (11:39 GMT)

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