Interesting news: Luxury tax in China could support a global luxury tax for innovation
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I have been discussing the opportunities with a luxury tax that support innovation for a number of years. The new leadership in China is now moving in a very interesting direction and if things move into implementation the right way it could be transformative in a way that have global consequences. Not only would it be an interesting move towards equity and be an important funding source for innovative new solutions, it could also be a major step towards new values related to consumption where the shallow brand consumption is seen as something from the past.
Here is my “old” article just after the 18th National Congress of the Communist Party of China in November last year where I discussed a global luxury tax.