Retailers launch last-ditch attempt to get Hunt to scrap tourist tax [Yahoo! Finance]
Global Blue Group Holding AG Ordinary Shares (GB)
Company Research
Source: Yahoo! Finance
The Association of International Retail (AIR) and New West End Company, which represents retail businesses in London's key shopping areas, submitted fresh evidence to Downing Street this week contradicting Treasury assumptions that reinstating VAT-free shopping will cost £2.5bn in foregone tax revenues. Its evidence, based on detailed spending data collected through its network of retailers, suggests that the amount of lost VAT will be just one fifth of the Treasury's projection because EU visitors spend less money on shopping than on hotels, leisure and dining out. The AIR notes that the Treasury's original forecast was based on the assumption that tax-free shopping has little or no impact on how international travellers behave or where they decide to go on holiday. Its analysis shows that the cost of foregone VAT is likely to be closer to £525m based on how visitors from inside and outside the EU spend their money. Data submitted by the New West End Company and PwC shows th
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News
- Global Blue Releases the Monthly Tax Free Shopping Business Update for March 2024 [Yahoo! Finance]Yahoo! Finance
- Global Blue Releases the Monthly Tax Free Shopping Business Update for March 2024Business Wire
- Reintroducing Global Blue to Retailers and Shoppers Worldwide [Yahoo! Finance]Yahoo! Finance
- Reintroducing Global Blue to Retailers and Shoppers WorldwideBusiness Wire
- Global Blue Releases the Monthly Tax Free Shopping Business Update for February 2024 [Yahoo! Finance]Yahoo! Finance
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Sec Filings
- 4/29/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/1/24 - Form 144
- GB's page on the SEC website