Tax & Accounting Blog

Opportunities and Challenges of Chinese MNCs’ Going Global

Opportunities and Challenges of Chinese MNCs’ Going Global

Understanding the different compliance requirements across multiple regions can be very challenging. Global regulations are not only complex but can change daily. Because of the increased expectation that companies pivot and adjust to these changes, Chinese Multi-National Corporations (MNC) have implemented behaviors to help them deal with these diverse complexities, specifically ensuring their subsidiaries can … Read More

What is the difference between a U.S. customs audit and an FTA verification?

What is the difference between a U.S. customs audit and an FTA verification?

What is the difference between a customs audit and a Free Trade Agreement (FTA) verification? An audit, is a broader inquiry that can cover any legal requirement whereas a verification is specific to origin and FTA compliance. Customs audits are generally more broad, focused on a wide range of customs issues and are typically risk-based, … Read More

Eradicating Your Supply Chain of Sanctions and Reputational Risk

Eradicating Your Supply Chain of Sanctions and Reputational Risk

The recent U.S. sanctions case against ZTE Corp. has underscored the importance of a robust sanctions risk management strategy that reaches into every tier of an organization’s supply chain.This investigation, which resulted in record-setting penalties, threatened the reputation of several high-profile technology brands that supply ZTE Corp, including Qualcomm, Microsoft and Intel.ZTE Corp., which includes … Read More

Managing Company Acquisitions from a Trade Compliance Perspective

Managing Company Acquisitions from a Trade Compliance Perspective

According to the Institute for Mergers, Acquisitions, and Alliances; in 2016 there were over 48 thousand worldwide mergers and acquisitions.   Regardless of what point the Global Trade Compliance team is included in acquisition discussions, it needs a process for assessing the existing risk, support from senior management when unacceptable risk is discovered, and creative … Read More

Foreign Trade in the 21st Century

Foreign Trade in the 21st Century

There have been numerous activities related to political changes, technological progress and globalization that have undergone extreme radical transformations since the second half of the 20th century. Foreign Trade has not escaped these transformations causing an accelerated growth that is changing the way countries and companies trade with extraordinary speed. Today, there is not a … Read More