Feb 8, 2025
The last four weeks have been really chaotic for business executives, trying to understand when the impact of tariffs and new trade policies will take place, or if they are…
Apr 10, 2024
I recently sat on an ASTM F49 Committee Meeting on supply chain standards (I serve as the pro bono secretary for the committee). ASTM International is a standards development organization…
May 13, 2019
Today’s blog post is a guest post by my former student, Krunal Sonpal. The topic is a timely one: the on-going US-Chinese tariffs and what it means for supply chain…
Jan 15, 2011
Additional Readings on Taxation Standard sources on government finance More advanced works Useful works on the historical development of fiscal thought Academic thinking about tax policy Overviews of tax systems…
Trade Prohibitions (1) Prohibited trading partners The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US…
Trade Agreements (1) MFN – Most Favored Nation FTA – Free Trade Agreement Other Applications of FTA MFN The most-favored-nation (MFN) clause binds a country to apply to its partner…
Harmonized Tariff Schedules International trade has been facilitated by the use of harmonized tariff schedules. Trading countries have agreed on the classification of goods, by use and standardization of the…
Tariffs Tariffs Transit Duties Export Duties Import Duties Tariffs (1) A tariff or customs duty is a tax levied upon goods as they cross national boundaries, usually by the government…
Taxes Ad Valorem Supplemental Taxes Value-added Summary Ad Valorem (1) Any tax imposed on the basis of the monetary value of the taxed item. Literally the term means “according to…
Glossary of Terms Common Market Other Taxes Customs Transit Retaliatory Tariffs Customs Union Rules of Origin Documentary Tax Surtaxes and Tariff Surcharges Duty Types Tariff Economic Union Treaties Free Trade…
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