Second-hand retailers ThredUp and Vestiaire Collective sign petition aimed at abolishing taxation on pre-owned clothing items
In a bid to promote a more circular economy and reduce the fashion industry's environmental impact, a new petition has been launched by American Circular Textiles, a coalition led by Circular Services Group. The petition aims to end taxation on secondhand apparel.
According to Rachel Kibbe, CEO and founder of American Circular Textiles, more shoppers are turning to secondhand items as apparel and footwear sales rise. The trend towards shopping for well-made clothing that can be reused and/or repaired rather than tossed into the waste is being strengthened.
The petition states that the elimination of tax on secondhand apparel would incentivize reuse and repurposing of garments, thereby reducing the fashion industry's environmental impact. It suggests that the change would additionally benefit lower-income individuals and families by making secondhand items more affordable.
The increased cost from taxation makes resold items less appealing to consumers, according to the petition. Kibbe argued that ending double taxation is the fair and just thing to do, as it would benefit lower-income individuals and families.
The petition includes weaving tech company Unspun, T-shirt blanket company Project Repat, textile recycling company Sortile, Fashionphile, Arrive Recommerce, and other resale platforms such as ThredUp and Vestiaire Collective as members.
U.S. consumers spent nearly half of their clothing budget on secondhand items, according to ThredUp's annual resale report released earlier this year. The global secondhand market grew 18% last year to reach a $197 billion valuation.
Kibbe also said that ending double taxation on secondhand apparel would spur economic growth and strengthen the trend towards sustainable shopping practices. She believes that this policy discourages sustainable shopping practices and hinders the growth of the secondhand market, repair options, and the circular economy.
The specific companies belonging to the group American Circular Textiles are not mentioned in the provided search results. However, it is clear that this coalition is committed to advocating for policies that promote a more sustainable and circular economy in the fashion industry.
In conclusion, the petition launched by American Circular Textiles seeks to end double taxation on secondhand clothing goods to encourage sustainable shopping practices, reduce the fashion industry's environmental impact, and make secondhand items more affordable for all consumers.
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