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China's luxury tax cut is skin deep for Korean cosmetics

Tax decrease may further cement Korean brands' popularity in China, curb overseas travel by Chinese

Hong Kong

IN the cosmetics business, things can't always be taken at face value.

Reports last Friday that China's consumption tax for luxury cosmetic products will be reduced to 15 per cent from 30 per cent effective Oct 1 should be good news for South Korean skin-care companies,...

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