U.S. and China Tariff Hikes are Yikes

Posted on April 16, 2019. Category: Trade Publications

After months of speculation and debates, the negotiations between two powerhouse countries, the U.S. and China, seem to be heading towards a deal. The road to a deal has not been an easy one for either economies.  At the beginning of 2018, the Trump administration initiated the tariff battle by placing $250 billion on Chinese imports. China fired back with a $110 billion on the U.S. thus beginning the trade war.While there has been some positive progress, there are still numerous uncertainties.Before Thursday’s meeting, President Trump stated, “And I would think [within] the next four... Read More

Keep On Truckin'... Please

Posted on April 09, 2019. Category: Logistics Publications

Everything we produce or consume is transported somewhere, and everything will at some point travel by truck.  The issue however, according to Kevin Burch, president of Dayton Trucking, is that shipping tonnage is up, while the number of truck drivers is down. William Cassidy, senior editor of JOC.com stated,“This year, the availability of drivers, rather than trucks, will determine how tight truck capacity gets in the U.S.  Truck manufacturers are expected to churn out hundreds of thousands of Class 8 tractors ordered last year, but where are the men and women who will drive those... Read More

What Can Go Wrong in Logistics?

Posted on April 05, 2019. Category: Logistics Publications

In the ever-evolving business world, supply chain management is one of the biggest contributors to a company’s success.  Due to the diverse and fast-growing market, logistics can certainly be a challenge. A successful supply chain has different characteristics and mandatory steps (such as documentation, customs information, etc) to ensure cargo can move.  These steps work like the gears in a clock – all need to work together or a shipment may have unforeseen delays.Some events that regularly cause setbacks are:Failing to comply with certifications and requirements for imports Transport companies having low flexibility on... Read More

Transportation and the Growth of Invasive Species

Posted on April 02, 2019. Category: Logistics Publications

Nowadays, everyone has heard of greenhouse gas emissions caused by transport. The world is aware of their impact on ecology and governments try their best to limit production of these emissions. Instead, not many people are aware of another, quite curious problem mainly caused by maritime cargo transportation specifically by vessels’ ballast water.The term “ballast” can refer to any heavy material installed on a vehicle to improve its stability. In ships, it is utilized to provide the desired draft, and hence improve the maneuverability. When a vessel is empty or carries a light cargo, the required... Read More

The Time is Ticking, How Do Other Countries View the Brexit Vote?

Posted on March 25, 2019. Category: Trade Publications

Bigstock-retro-alarm-eu-clock-represent-260661010 (1) The tensions of the Brexit deal are starting to escalate, and the ripples can be seen throughout the world. The Brexit final vote is reaching its ultimatum on March 29th. If no deal is struck, Britain will have full control of its borders and new trade deals will need to be negotiated. Britain will also be traded with as a non- EU country, leading to non-preferential treatment within Europe and the long process of developing the necessary infrastructure to support the new trading conditions.While many countries in the the EU are trying to give the Brexit vote extra time,... Read More

Reduce Your Inventory Taxes with Freeport Exemptions

Posted on March 07, 2019. Category: Tax Publications

In many localities across the US, moveable assets owned by a business are designated as tangible business personal property and taxed annually by the jurisdiction they are located in. This tax is known as the Business Personal Property Tax, and the type of assets considered as business personal property include, but are not limited to, furniture, tools, signage, equipment and inventory (although these items can be defined differently by each state, county or city.) If this type of property is owned or leased, a business will be required to file a return each year to report the value of these... Read More

New York Takes a Bold Approach to Economic Nexus

Posted on March 07, 2019. Category: Tax Publications

The Department of Taxation and Finance for the state of New York amended its Sales Tax registration requirements as of January 1 for remote sellers within the state in response to the US Supreme Court case South Dakota vs. Wayfair. The new registration requirements take effect immediately, making NY the first state not to establish an enforcement grace period for their new nexus parameters.Remote sellers with no physical presence in the state are now required to register as vendors in New York if they meet both of the following criteria:1)    The Seller made more than $300,000 in tangible... Read More

Tariff Hikes Postponed Indefinitely

Posted on March 05, 2019. Category: Trade Publications

Per the Federal Register Volume 84, Number 43 (Tuesday, March 5, 2019), the U.S. Trade Representative (USTR) has postponed the date of which duty rates will increase to 25% for items covered by section 301 list 3.The rate will remain at 10% until further notice.This postponement comes in advance of a speculated late March 2019 summit between Presidents Trump and Xi.  Hopefully, this summit will lead to the end of the tariff war between the US and China, but there are still major hurdles involving items such as:  intellectual property, technology transfer, currency and other issues.If you would like additional information on... Read More

Tane Mahuta and the Importance of Biosecurity

Posted on March 05, 2019. Category: Logistics Publications

Tāne Mahuta also rightly referred to as 'Lord of the Forest' is New Zealand’s largest known living kauri tree. A whopping 4.4 meters in diameter, over 50 meters tall, and said to be over 2,000 years old but is still very much growing.This magnificent beauty has been the centerpiece of thousands of school trips over generations of children across New Zealand. Unfortunately, Tane Mahuta, who resides in in the truly magical Waipou Forest, is on the verge of extinction.Phytophthora Agathidicida is a Pathogen that causes what has been named “Kaura Dieback;” it is a disease... Read More

Puerto Rico Sales and Use Tax Collection

Posted on March 04, 2019. Category: Tax Publications

Since the Supreme Court decision on the South Dakota vs. Wayfair case, we’ve noticed many states reviewing the way economic nexus can be established with out of state retailers. This decision has encouraged many states to start legislation to take advantage of the benefits of this new ruling. Others, like the US territory of Puerto Rico, have seen the ruling as an ally on their quest to collect sales and use tax though online retailers.Puerto Rico started their online tax collecting endeavor with the establishment of Law #1-2011 on January 31, 2011 named Internal Revenue Code for a New... Read More

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