Online shopping on cheap Chinese websites reduces revenue by 1 billion
Purchases from Chinese platforms in Spain cause a revenue shortfall of 1.058 billion euros in the trade and distribution sector. Whether Shein, Temu, or Alibaba, behind cheap purchases there is a greater impact than consumers imagine, blindly guided by price. The truth is that their packages usually pay VAT on less than their real value; social security contributions and personal income tax are lost by avoiding setting up a chain of stores, workers, and local suppliers; and companies do not face corporate tax like local ones, as these are brands with a foreign base and minimal presence in Spain.