--Luxury-goods brands including Gucci and Salvatore Ferragamo have written an open letter to the U.K. finance minister, Rishi Sunak, asking him not to end tax-free shopping for international visitors in January, Vogue Business reports.

--The U.K. government said in September that it would end tax-free shopping for international visitors, a scheme under which shoppers can claim back 20% of their luxury purchases, Vogue Business reports.

--Critics say the planned move amounts to a fresh 20% tax on luxury goods and warn it could see companies close flagship stores in the U.K., Vogue Business reports.

 

Full story: https://bit.ly/3lyLuhv

 

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(END) Dow Jones Newswires

November 11, 2020 06:39 ET (11:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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