Luxury jeweler Kiki McDonough reduces prices by 20% to counteract tourist tax effects.Removal of VAT-free shopping has caused a decrease in American tourists, McDonough’s key market.McDonough…
Browsing: tourist tax
Despite a rise in international visitors, London’s retailers are forecasting substantial financial losses due to the UK’s removal of tax-free shopping for tourists.The previous Conservative government…
London’s West End retailers are grappling with a significant £220 million loss in unrealized sales attributed to the elimination of tax-free shopping for tourists in the…
Retailers in London’s West End face significant financial losses due to the absence of tax-free shopping for tourists.Research reveals a £220 million loss in unrealized sales…