Israel – UAE Free Trade Agreement

June 20, 2022.
Trade Publications

On May 30th the first Arab state and Israel free trade agreement was signed, the agreement aims to eliminate and lift bilateral trade for more than 96% of the good traded between the two nations. The goods include food, agriculture, cosmetics, medical equipment and medicine, the agreement would boost bilateral trade...

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Forced Labor Prevention Act

June 14, 2022.
Logistics Publications, Trade Publications

Are you ready for the Uyghur Forced Labor Prevention Act (UFLPA) that goes into effect on June 21st, 2022? The UFLPA states that goods manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China could be prohibited entry into the U.S....

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Vistula Spit Canal

June 13, 2022.
Logistics Publications, Trade Publications

A new canal across the Vistula Spit is planned to be opened this year, most likely already in September 2022. The canal will enable ships to sail from the port of Elblag, northern Poland, to the Baltic Sea without passing through the Russian-administered Strait of Baltiysk. The 1.3-kilometer canal is part...

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In Case You Missed It: Last Week in Allyn Tax News (June 6 - 10)

June 13, 2022.
Tax Publications

When Was the Last Time You Completed a Nexus Review? Act Now! In Arkansas, an assessment against a taxpayer of compensating use tax was sustained because it was ruled that the taxpayer had met nexus with the state. After asserting that they did not have physical presence in the state,...

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Should I Ship FTL or LTL? Does It Matter?

June 10, 2022.
Logistics Publications

When it comes to freight, size does matter. Whether your business is just starting or wanting to be proactive with upcoming holiday season volume- you’ll want to plan the logistics of goods and products—the “how” in getting goods from point A to point B....

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Biden Administration Considers “Reconfiguring” Section 301 Tariffs to Combat Record Inflation

June 09, 2022.
Trade Publications

On Wednesday, June 8, US Treasury Secretary Janet Yellen told lawmakers that the Biden administration is strongly reconsidering its approach to the Section 301 tariffs placed on Chinese goods. Yellen’s comments came as the administration ponders how to balance punishing China for unfair trade practices with combating financial woes incurred...

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Israel Signs Trade Deal with UAE, Its First Ever Free Trade Agreement in the Middle East

June 06, 2022.

Israel and the United Arab Emirates signed a historic free trade agreement on Tuesday, May 31, marking the first deal signed between Israel and a Middle Eastern nation. The deal was signed amid rising tensions in the region, with skirmishes occurring between Israeli and Palestinian groups mere days before the announcement. ...

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3 Important Traits for a State and Local Tax Analyst Candidate

June 03, 2022.
Tax Publications

The majority of tax and accounting hiring managers would agree – finding and retaining staff to work in state and local tax is a substantial challenge for their operation. However, many would be surprised to know the degree to which they are not alone. In a recent survey conducted by...

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Impact of Sri Lankan economic crisis on Logistics and India

June 02, 2022.
Logistics Publications

Sri Lanka's economic crisis has had a cascading effect on its maritime activity, especially that of the Colombo port, a key transshipment hub of the Southeast Asia region. Trade operations had slowed in Sri Lanka since February, owing to a massive forex crunch followed by fuel scarcity. In the...

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6 Things You Need to Know to Start Filing Property Tax Returns

May 31, 2022.
Tax Publications

Knowledge is Key Are you ready to file your business tangible property tax returns? If not, where can you find answers to your initial questions? Do you know where and when your returns are due? Do you know the “snapshot” date for the return data? Do you know...

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World Trade Week

May 26, 2022.
Trade Publications

May 2022 is recognized as World Trade Month. World Trade Week, which occurs annually during the third full week of May, was first established in 1935 by President Roosevelt. In celebration of world trade here are 10 fun trade facts. The first major piece of legislation passed in the United States was the...

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Customs Modernization and Informed Compliance Act: What is “Reasonable Care”?

May 25, 2022.
Logistics Publications, Trade Publications

The Customs Modernization and Informed Compliance Act or Mod Act establishes clear requirements that parties must exercise “reasonable care” when conducting business related to importing into the United States, but what is reasonable care? Every import transaction is different, from the nature of the imported goods to the...

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