Secondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop It
Secondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop It
www.teenvogue.com Secondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop It
Brands like ThredUp, H&M, and Vestiaire Collective are pushing to end the resale tax, Teen Vogue exclusively reports.
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Sales tax on resold items is how taxes work. People pay taxes when they buy a used car, refurbished electronics, used furniture, and everything else.
This has to be some kind of loophole for selling returns without taxes or something along those lines.
25 0 ReplyIn Europe it's not. If an article is sold by a private person to a company, no vat is added and if the company resells it, vat has to be calculated on the profits only and not the full sum.
This is especially true for second hand cars.
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