Resources

Publications

In Case You Missed It: Last Week in Allyn Tax News (April 4-8)

April 11, 2022.
Tax Publications

Did you know over 600 sales tax rate changes occurred on April 1st in these states… Alaska, Alabama, Arkansas, Arizona, California, Kansas, Louisiana, Minnesota, Missouri, Nebraska, Ohio, Oklahoma, Texas, Utah, Washington, Wyoming combined have over 600 sales tax rate changes. These changes became effective April 1st, 2022. Maryland: Purchases Made Relating...

In Case You Missed It: Last Week in Allyn Tax News (March 21-25)

March 28, 2022.
Tax Publications

New York – Sales & Use Tax Applicability on Leases of Paintings The Tax Appeals Tribunal has determined that "temporary possession is the essence of a lease transaction and a purchase for the purpose of leasing is a purchase for resale under Tax Law." In the case that was...

Buy America Act (BAA)

March 28, 2022.
Logistics Publications, Trade Publications

What is the Buy America Act? It is an act that was introduced in 1933 during the Great Depression and was intended to promote and increase U.S. jobs and industry. The BAA applies to supply and construction contracts between $10,000 and the dollar threshold for Trade Agreements Act (TAA). Supply and...

Vessel Manifest Confidentiality

March 25, 2022.
Logistics Publications, Trade Publications

Did you know that anyone can see where a company is shipping to and shipping from? All they need is access to PIERS (Port Import/Export Reporting Service) data and your company could have a potential IPR (intellectual property rights) issue on your hands. Don’t fret! Customs...

More Sanctions from the US and Allies

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, several countries banded together to insist that the World Trade Organization (WTO) revoke Russia’s “most favored nation” status, echoing a previous call from G7 nations. Demands were also made to prevent Belarus, a prominent Russian ally in the Ukrainian invasion, from being granted membership...

Sanctions from the EU and UK

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, the UK government decided to add an additional 350 new listings to the Russian sanctions that were initiated in February, including nine new listings related to cyber sanctions. Several Russian oligarchs will be directly affected by these new sanctions. The EU also put sanctions into place in response to...

USTR Reinstates Certain Section 301 Exclusions

March 25, 2022.
Logistics Publications, Trade Publications

After weeks of lobbying from industry leaders and a bipartisan group of US lawmakers, the Office of the U.S. Trade Representative (USTR) announced on Wednesday, March 23 that it is reinstating exclusions for 352 products that had previously been subjected to Section 301 Chinese tariffs. The exclusions will be retroactively effective from...

Replacing 232 Duties for Steel and Aluminum with Tariff Rate Quota

March 23, 2022.
Logistics Publications, Trade Publications

In late 2021, the U.S. announced that an agreement was reached with the E.U. to replace existing Section 232 duties (25% steel and 10% aluminum) with a new Tariff Rate Quota (TRQ). The quota allows for limited quantities of eligible EU steel and aluminum products to be entered free of the...

Overview of US Import and Export Trade Statistics for FY 2021

March 22, 2022.
Logistics Publications, Trade Publications

Import Trade Statistics 2021: Imports Entry summary volume increased by 12.5% from 2020 to 2021, primarily attributed to economic recovery after the Covid-19 lockdowns of 2020. The increase boosted 2021’s numbers well past the last pre-pandemic year on record, 2019, by 3.9%. Total import values increased by 15.7% from 2020 to 2021 as well, with 2021’s values surpassing 2019...

Free Trade Agreements 2022

March 21, 2022.
Logistics Publications, Trade Publications

Regional Comprehensive Economic Partnership (RCEP) Agreement: The Regional Comprehensive Economic Partnership (RCEP) went into effect on January 1, 2022. The RCEP is currently the largest free trade agreement, with 15 countries as active members. Ten countries entered into RCEP on January 1, including Australia, New Zealand, Brunei Darussalam, Cambodia, China, Japan, Laos, Singapore, Thailand,...

The Future of European Trade

March 18, 2022.
Trade Publications

The year 2022 promises to be a harbinger of changes to European trade, with modifications made to prior agreements as a result of Brexit, Russian military aggression, and United States-based council meetings. As of January 1, 2022, any goods exported to Great Britain from the European Union must now have a full customs...

Chinese Ports Remain Open Despite COVID-19 Lockdown, But Delays are Increasing

March 17, 2022.

Several provinces in China are enacting wide-scale precautions after the country reported its largest spike in COVID-19 cases since the beginning of the pandemic, creating restrictions for an estimated 45 million Chinese citizens and impacting multiple economic sectors. Currently regional container hubs and ports are remaining open, a distinct contrast to...