Thailand to scrap import duties on luxury goods

To help the country compete with Hong Kong and Singapore, Thailand’s government announced intention to scrap import duties on luxury products, visitors from China being key target of the new measure. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance … Read more

France’s richest man Bernard Arnault still pays taxes in France

Bernard Arnault is and remains resident in France for tax purposes Despite the potential obtention of the French-Belgian double nationality, France’s richest man and CEO of LVMH Bernard Arnault is and remains resident in France for tax purposes, luxury giant LVMH group announced in a press release. Contrary to informations published in the international press, … Read more