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Shein: Allegations of Tax Evasion in UK Absurd
Fair Tax Foundation accused the UK branch of online fashion giant Shein of transferring most of its revenue to its parent company in Singapore in an attempt to evade taxes in the U...
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Shein: Allegations of Tax Evasion in UK Absurd
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Fair Tax Foundation accused the UK branch of online fashion giant Shein of transferring most of its revenue to its parent company in Singapore in an attempt to evade taxes in the UK, according to The Guardian.

These allegations are absurd, and believed that, even the most basic scrutiny would make the accusations invalid, a spokesperson of Shein said.

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The UK branch purchases products from clients at prices that comply with current market conditions and fair trading principles, ensuring that the Company's transactions are fair, reasonable and in line with global practices, according to international trade standards. Shein also adheres to the relevant regulations in each market and pays all related taxes in the UK.

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