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Israel – UAE Free Trade Agreement

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…

Forced Labor Prevention Act

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. This is…

Vistula Spit Canal

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…

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

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,…

Should I Ship FTL or LTL? Does It Matter?

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. The two main reasons are: Logistics…

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

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…

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

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…

3 Important Traits for a State and Local Tax Analyst Candidate

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…

Impact of Sri Lankan economic crisis on Logistics and India

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 last…

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

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 what’s taxable…

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