It also contradicts logic for the government to tax its own subsidies—to directly fund R&D only to reclaim part of it through taxation. Halting this counterproductive cycle of taxing, spending, and taxing again is a broader concern, similar to the rationale behind President Trump's reduction of Social Security taxes. Why impose distortive taxes to distribute benefits, only to tax those benefits afterward?
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2025财年集团总收入增长3%至89.5亿美元。其中Tommy Hilfiger收入同比增长4%(固定汇率计增幅不足1%);Calvin Klein收入增长3%(固定汇率计增幅不足1%)。第四季度收入同比增长6%至25亿美元。区域表现方面:欧洲、中东及非洲地区收入12亿美元,固定汇率计下降3%;美洲业务增长4%至7.647亿美元;亚太地区收入4.367亿美元,固定汇率计下降2%。(集团公告)
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