There have been lower sales and higher job losses while manipulation is creeping in as buyers insist that companies bill their products at a lower tax rate. “What are these crazy people doing?” Darera said of the government’s tax reforms. There have been lower sales and higher job losses while manipulation is creeping in as buyers insist that companies bill their products at a lower tax rate. A handful of men were at work, sewing red and blue sweatshirts for Zara Man. After the July tax reforms, embroidery was taxed at 18%, pricing him out of several contracts.

Source: Mint October 11, 2017 07:07 UTC