WASHINGTON--A Senate plan that would revamp the nation's tax system and impose a modified value-added levy could provide a competitive advantage for domestic apparel manufacturers as they seek to export, the annual meeting here last week of the International Apparel Federation was told. The speaker was Ronald Sorini, senior vice president for international development and government relations, Fruit of the Loom. Sorini also served as the chief textile negotiator in the Bush administration. While the idea of a consumption-based tax puts retailers on edge, Sorini saw things otherwise. "Overall," he said, "the plan would lower taxes significantly for lower- and middle-income families, would spur consumption and make the export of U.S. products more competitive overseas." Sorini said he expects a tax overhaul bill (S. 722) introduced by Sens. Sam Nunn (D, Ga.) and Peter Domenici (R, N.M.) to be a central issue in next year's general election. One provision of their bill would be to impose a consumption tax of about 17 percent on products imported or manufactured in the U.S. for sale here, while the proceeds from the sale of goods for export would not be included in the exporter's gross receipts for figuring the value-added levy. "For example," said Sorini, "imported clothing would be subject to a 17 percent tax based on its value at [retail.]" This differs from the value-added tax--or VAT--used in many European nations, where a tax is paid by manufacturers at each stage of production and then by consumers. The Nunn-Domenici bill also would eliminate the capital gains tax, permit the immediate write-off of capital expenditures and exclude from taxation income to U.S. firms from their foreign operations. The plan would set the business tax rate at 11 percent, but prohibit businesses from deducting their costs for wages and other labor costs. U.S. retailers since the Seventies have vociferously opposed revenue-raising plans that included any consumption tax, arguing it would be regressive and hurt low- and middle-income consumers the hardest, thus harming retail sales. But Sorini countered that these consumers would end up keeping more of their incomes due to the plan's lower personal tax rates. The International Mass Retail Association and National Retail Federation remain opposed to any form of a VAT. "It's a cost that will significantly increase the cost of goods for consumers that will not be offset by supposed lower income taxes," said Robert Hall, an NRF vice president. Hall also saw the proposal as creating a double tax on imports--first the import tariff and then the value-added levy.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast