E-commerce big Shein: 100,000 jobs in Brazil

Asian e-commerce big Shein will construct a manufacturing unit in Brazil and say it can create 100,000 jobs.

Brazil’s Finance Minister Fernando Haddad has made lemonade out of lemons.

Just a few days in the past, he introduced an finish to the tax exemption for imports of low-value items from different nations, particularly China.

The Ministry of Finance wished to abolish the rule underneath which worldwide orders of lower than US$50 are exempt from tax, a profit obtainable solely to people.

This measure was supposed to fight tax evasion by digital platforms reminiscent of Subscribe to our Premium Membership Plan. Already Subscribed?

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