Law & Trade

Amazon's tax-free profits drop after IRS clampdown

Source: 
CNBC

The amount Amazon reports through a tax-exempt vehicle in Europe has dropped in the past two years, after the IRS tightened rules.

Retailers welcome move to deregulate trading hours in Western Australia

Source: 
Retail In Asia

The Australian National Retailers’ Association (ANRA) welcomed the recommendation of the Economic Regulation Authority’s draft report to fully deregulate trading hours in Western Australia.

“Today’s recommendations are clearly sensible and show an understanding of the value of retail to the economy and its capacity to create jobs," said ANRA CEO Margy Osmond. “There’s no doubt flexible trading hours benefit employees, consumers and the economy. Technology and the changing demands of shoppers means consumers want more choice."

Indonesia's cell phone tax: Double-edged sword for industry

Source: 
The Jakarta Post

The government’s plan to impose a 20 percent luxury-goods sales tax on cell phones is designed to accelerate growth in the fledgling industry.

But, it also carries the risk of increased cell phone smuggling — a problem that particularly haunts foreign investors interested in establishing local manufacturing facilities, due to unfair competition.

 

Walmart cries foul on China fines

Source: 
The Wall Street Journal Online

Over the past three years, Chinese authorities have fined Wal-Mart Stores Inc. USD9.8 million, sanctioning the retailer for using misleading pricing, selling poor-quality products and even peddling donkey meat that turned out to be fox.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

Coles admits misleading customers on benefits to farmers during 'milk wars'

Source: 
The Guardian

Competition watchdog says supermarket will publish corrections over social media campaign that presented estimates as fact

Coles has admitted it is likely it misled customers when it dropped the price of its milk and claimed more money would go in the pockets of farmers, the Australian consumer watchdog has revealed.

Retailers sign up to global care labels standard

Source: 
Drapers

Retailers including Marks & Spencer, John Lewis and Primark have signed up to a new programme that aims to tackle the unpredictable licensing cost of using standard wash care labels worldwide.

To view the full article (note: you must be a Drapers subscriber), visit Drapers.

Indonesia to impose luxury good taxes on all mobile phone segments

Source: 
The Jakarta Post

The Indonesian trade and industry ministries plan to impose luxury good sales taxes (PPnBM) on mobile phones across all segments in a bid to spur growth in the domestic industry.

Previously, the trade ministry said that the 20 percent tax would be imposed only on smartphones priced above IDR5 million (USD442.28) per unit.

"Every cell phone is categorized as a luxury good," Trade Minister Muhammad Lutfi said in Jakarta on Monday as quoted by kontan.co.id.
 

Electronics, fashion top export list by Chinese e-commerce companies

Source: 
Shanghai Daily

Electronic goods and fashion products top the list of exports by Chinese e-commerce companies, with the United States and the United Kingdom the biggest shipping destinations, eBay said in a survey on Wednesday.

The 2014 China Retail Export Industry Development Trend report released by the e-commerce giant on Wednesday found exports of electronic goods and fashion remained on top of all exporting categories in terms of volume, while furniture and gardening was the fastest growing category followed by car accessories.

Japan shoppers brace for tax hike

Source: 
Bangkok Post

Japan is bracing for its first sales tax rise in years, with last minute shoppers buying up a host of goods from gold to ice cream, as the government tries to tackle its crushing national debt.

Rakuten workers asked online merchants to falsify prices

Source: 
The Japan Times Online

Employees of online shopping mall Rakuten Inc. instructed merchants to falsify prices of products in violation of consumer protection laws, according to some of the internet mall's tenants.

Rakuten revealed the price mislabelling last November for special sales honouring the victory by the Rakuten Eagles in the Japan Series, but without discussing whether its own employees had been involved in the illegal act.

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