Bain & Company's Luxury Market Update: 2012, authored by Claudia D'Arpizio has just been released. The study covers over 200 luxury goods brands, which includes leather goods, fashion, jewelry, alcohol and luxury real estate companies that serve high net worth customers, or those with assets of $1 million or above.
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With the luxury goods market in tatters, sales of luxury real estate and yachts drying up faster than an ice cube in the Nevada desert and luxury goods makers going broke left and right, the Hungarian government has announced a new "luxury tax," which will apply to any luxury goods and any luxury real estate worth over 30 million forints ($150,000) which may seem a low figure – but not for Hungary. The tax will be introduced in 2010 and will be applied at a rate of 0.35% up to 50 million florints and 0.5% over that figure.
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