Insights

Reduce Your Inventory Taxes with Freeport Exemptions

March 07, 2019.
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,...

New York Takes a Bold Approach to Economic Nexus

March 07, 2019.
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...

Tariff Hikes Postponed Indefinitely

March 05, 2019.
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...

Tane Mahuta and the Importance of Biosecurity

March 05, 2019.
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...

Puerto Rico Sales and Use Tax Collection

March 04, 2019.
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....

The Historical Evolution of GE-Wuhan Boiler Company

February 28, 2019.
Logistics Publications

Photo by Peiran Li Wuhan Boiler Company located in Wuhan City, Hubei province, was established in 1953 and has more than 60 years of experience in designing and making boilers. In 2007, Alstom became the controlling shareholder of WBC. In 2015, WBC joined GE Power and become a member of GE. Now, WBC...

TuSimple to Build Largest Self-Driving Fleet

February 27, 2019.
Logistics Publications

TuSimple, the autonomous truck developer, plans to expand its U.S. test fleet to 40 trucks by June 2019. This announcement was made during the International Consumer Electronics Show (CES), where the company displayed their Navistar International LT model. This vehicle has been outfitted with automated driving technology which allows it to ...

The Tax Cut and Jobs Act of 2017 and the Logistics Market

February 26, 2019.
Logistics Publications

New tax reforms were implemented in 2017 to lower taxes for businesses and individuals. The Tax Cuts and Jobs Act (TCJA) lowered the corporate tax rate from 35% to 21%. The intent of the reform is to help businesses lower expenses (Wunderlin, 2018). Many professionals such as Chris Spear, the CEO of the...

ISF-5 Enforcement Begins March 15, 2019

February 22, 2019.
Trade Publications

Liquidated damage claims for ISF-5 violations were to be enforced by CBP starting on January 21, 2019. However, due to the government shutdown and accompanying funding lapse, the implementation was delayed. CBP outlines the enforcement in Cargo System Message CSMS #19-000063. Stating that: CBP is ending its delayed enforcement period for ISF-5...

Managing Time Critical Shipments

February 19, 2019.
Logistics Publications

In a steam power plant, projects may be faced with unexpected events. In order to meet a recurrent requirement, business requires to utilize time critical logistics. Some examples may be missing or broken spare parts in the project commission stage or specific needs such as transporting samples for a test. ...

Postponement of ISF-5 Enforcement

February 14, 2019.
Trade Publications

Liquidated damage claims for ISF-5 violations were to be enforced by CBP starting on January 21, 2019. However, due to the government shutdown and accompanying funding lapse, this has been postponed until at least March 1, 2019. CBP outlines this postponement in Cargo System Message CSMS #19-000011. ISF-5 is mainly for Freight Remaining Onboard ...

Allyn’s e-Auction Solution Leads to Decreased Freight Costs

February 06, 2019.
Logistics Publications

Freight rates are on the rise, largely due to a capacity crunch that is affecting all modes and most lanes. The reasons for the capacity issues include but aren’t limited to: escalating tariffs, a lengthened peak season, Chinese Lunar New Year, the continued growth of e-commerce, weather...