Inside luxury goods' broken audit system
MILAN (Reuters) -LVMH-owned Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working ...
Champagne, caviar or salmon: Luxury foods are becoming more accessible
The concept of luxury in food has undergone a profound transformation. Foods once considered exclusive to the ...
Entrupy Battles Counterfeiting As Luxury ‘Dupes’ Become Ubiquitous
In the U.S., the counterfeit market is estimated at $872 million, Entrupy’s State of the Fake report highlights the growing ...
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Indonesia implements 12% VAT on luxury goods
Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on Jan. 1, a 1 ...
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Indonesia cancels VAT hike on basic goods as such items are very essential for people, says govt
Indonesia began 2025 with an increase in the value-added tax (VAT) on luxury goods and services in a bid to boost state ...
High GST rate on luxury goods is counter-productive
In contrast, Canada imposes a uniform 5 per cent GST on most goods and services. Singapore has a uniform GST of 9 per cent.
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Inside luxury goods' broken audit system
Widespread Milan investigations have uncovered malpractice inside the Italian luxury goods supply chain of Dior, Giorgio Armani and Alviero Martini this year, Reuters has previously reported.