, Columnist
Cosmetics Tax Cut Is Skin Deep
Many buyers weren't actually shopping at home, rather hopping on a plane to Seoul.
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In the cosmetics business, things can't always be taken at face value.
Reports Friday that China's consumption tax for luxury cosmetic products1475469850746 will be reduced to 15 percent from 30 percent effective Oct. 1 should be good news for South Korean skin-care companies, which have found a wide audience in Asia's largest economy.