Shein is facing the probe following complaints that it may be exploiting tax loopholes to gain an unfair advantage in Africa’s most developed economy
Textile workers and industry groups allege that Shein dodges import tariffs by sending goods in small packages
Shein is accused of deliberately sending its goods in small packages of lesser value to reduce import duties.March 13, 2023 9:52 am ET JOHANNESBURG—South Africa’s government said Monday that it is investigating fast-fashion company Shein following complaints from the local textile union and industry association that it may be exploiting tax loopholes to gain an unfair advantage in Africa’s most developed economy.
A spokesman for the Department of Trade, Industry and Competition declined to provide details on the investigation, but he said that it was initiated in response to concerns raised by labor and industry groups. The issues raised by the South African groups resemble complaints by manufacturers and unions in the U.S.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police chase: Suspected DUI driver led authorities on pursuit from South LA to South BayA suspected DUI driver led authorities on a high-speed pursuit from South LA to the South Bay on Monday morning.
Read more »
9 Fast-Food Chains That Serve the Best Hot DogsThe handful of fast food chains listed here still serve a fine example of this classic American food—amazing hot dogs.
Read more »
The tech industry moved fast and broke its most prestigious bankWTF happened to SVB
Read more »
Fast and luxurious: The frozen Swiss lake where the ultra-rich raceFor two days a year, the ski town of St. Moritz morphs into an over-the-top event with million-dollar cars, Champagne and dogs in tiny coats.
Read more »
Some SVB customers taking big haircuts to sell deposits fast: reportsSome Silicon Valley Bank customers are selling their deposits at big discounts to raise cash quickly, reports say
Read more »
11 Fast-Food Chains That Are Phasing Out Dining RoomsOne element that seems to be taking up less and less real estate in a modern fast-food joint is the dining room.
Read more »