China tax ‘won’t have an impact on demand’, says Bellamy’s CEO Laura McBain

 In Australia, International, NewZealand
Bellamy’s Organic chief executive Laura McBain says demand for the company’s products in China will continue to soar despite the country slapping an 11.9 per cent tax on goods bought from foreign websites.
From Friday, Beijing will impose the levy, which is aimed at eliminating the advantage held by overseas companies that to date have been subject to the same taxes as their Chinese retailers.
But the tax will not be applied to products sold on the lucrative grey market, or customers selling products to one another. Sydney Morning Herald – Read more…

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