Superdry boss says UK should make Shein pay more tax

Published On Sep 23, 2024, 7:00 PM

Julian Dunkerton, CEO of Superdry, claims that rival fashion retailer Shein is avoiding taxes by exploiting a loophole that allows low-value imports to go untaxed. He argues that this gives Shein an unfair advantage over UK retailers. Dunkerton suggests that UK government should eliminate this loophole, which permits Shein to send individual low-value parcels without tariffs while traditional retail is burdened with import duties on larger shipments. Shein denies tax evasion and cites its efficient supply chain as the reason for its success. The company is prepping for a potential stock market listing amidst mounting scrutiny over its business practices, including allegations of forced labor.