Insights
Return to PublicationsWayfair Impact on Exemption Certificate Management
September 10, 2019.
Tax Publications
If preparing, issuing, collecting, verifying, and storing exemption or resale certificates for exempt sales made in the US was not a daunting task previously, it most certainly is now. Just over a year after the Wayfair decision that rocked the sales tax world, businesses are now faced with a myriad...
Read MoreFyre Festival - A Logistical Nightmare
September 10, 2019.
Logistics Publications
Background Story In 2017, a viral social media campaigned was launched by Fyre Media about an immersive music festival on the island of Great Exuma (previously owned by Pablo Escobar) in the Bahamas that was to be thrown in spectacular fashion. Millions of young individuals wanted nothing more than to party...
Read MoreEPA Import Changes
September 09, 2019.
Trade Publications
It is more important than ever for a company to exercise reasonable care and ensure compliance with all Environmental Protection Agency (EPA) importing requirements. Numerous new regulations have been put in place and enforcement of these new regulations has begun. Formaldehyde Emission Standards In December 2016, new formaldehyde emission standards...
Read MoreSection 301 News: Trump Raises Tariffs to 30%
August 27, 2019.
Trade Publications
On August 23rd, President Trump announced that he will continue to increase tariffs on goods from China. Subsequently, the USTR announced that the tariffs currently in place will be raised to 30% effective October 1. As for lists 4A and 4B, they will now be increased to 15% effective Sept 1 and Dec 15...
Read MoreHeathrow Airport Strike
August 20, 2019.
Logistics Publications
Heathrow Airport in the United Kingdom, the 19th busiest airport in the world, has been engaging in discussions to avoid a strike by its workers. With pending strikes, cancelled strikes, and several negotiations of various contingency plans ongoing since June of 2019, it is difficult to tell what actions will...
Read MoreWaste Classification Plan in China
August 15, 2019.
Logistics Publications
On July 1, 2019, Shanghai, China formally implemented a garbage classification plan. Citizens are still learning the definition and requirements of dry, wet and recyclable garbage. In China, sanitary landfill or even simple landfill are main ways to dispose garbage. However, these disposal methods occupy substantial land and pollute the environment by...
Read MoreSection 301 News: Some Tariffs Removed, Others Delayed
August 13, 2019.
Trade Publications
On August 13th, the USTR announced certain items were being removed from the newest China Tariff List (List 4). These products are being removed from the list based on health, safety, national security and other factors and will not face the additional tariffs of 10 percent. The specific items have not...
Read MoreManufacturing Exemptions & Incentives
August 12, 2019.
Tax Publications
Across the United States, sales tax regulations and exemptions are determined by each individual state. Exemptions can range from a single item being considered non-taxable to an entire transaction exemption because of how the purchase is used by a business. States look to manufacturers as a means of boosting their...
Read More10% Tariff 100% Impact
August 01, 2019.
Trade Publications
On August 1st around 1:30 pm, President Donald J. Trump tweeted that List 4 will go into effect beginning September 1st, 2019. What was originally proposed at 25% will now be implemented at 10%. The push to move forward with implementing list 4 comes at the close of the latest trade talks which took place in...
Read MoreBlockchain – The Future of Supply Chain
July 31, 2019.
Logistics Publications
In today’s world, managing the supply chain has become extremely complex. Most of the companies still use paper-based systems or traditional database management tools to manage trade and supply chain activities. Several individuals and entities are involved, but the same transaction might be available in multiple versions in...
Read MoreDubai’s DP World Acquires Canadian Terminal Fraser Surrey Docks
July 30, 2019.
Logistics Publications
A great project is in the making with steady steps towards evolution and practical implementation. DP World, one of the world’s largest port operators, said on May 9th, 2019 it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund. Fraser Surrey Docks...
Read MoreInternal Audit to Meet New AEO Regulations
July 24, 2019.
Logistics Publications
China Customs Authorized Economic Operator (AEO) is a concept under the World Customs Organization (WCO) SAFE Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework). It represents a Customs-to-Business partnership to enhance international supply chain security and facilitate movement of legitimate goods. In November 2018, China Customs published no. 177...
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