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Shein London stock market float would trigger talks on tax, Reynolds suggests

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The Business Secretary expressed concern about a ‘loophole’.

Fast fashion retailer Shein would be expected to meet “ethical and moral targets” on “all aspects of business” if it lists on the London Stock Exchange, according to the Business Secretary.

Ahead of the election, the Financial Times reported that the Labour leadership was resisting calls to close the tax loophole. “That’s how we make sure that there are not things going on in terms of Labour practices or tax practices or environmental things that we’re not happy with. For use in UK, Ireland or Benelux countries only BBC handout photo of Business Secretary Jonathan Reynolds, appearing on the BBC 1 current affairs programme, Sunday With Laura Kuenssberg

 

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