Tax & Accounting Blog

HOW THE TPP WILL AFFECT U.S. IMPORTS Part 1

HOW THE TPP WILL AFFECT U.S. IMPORTS Part 1

Blog, Global Trade, ONESOURCE November 24, 2015

The TPP tariff reduction schedule treats party countries differently The breadth of countries covered by the Trans Pacific Partnership Agreement (TPP) and the news coverage surrounding the agreement will compel importers and exporters to spend time and money evaluating the advantage of the proposed duty savings from TPP.  However, it is prudent for companies to … Read More

Cloud and Compliance

Cloud and Compliance

Blog, Global Trade, ONESOURCE November 20, 2015

I would never pretend to know more than the average IT person; in fact, my knowledge is quite below average.  As a beginner in the process of ‘cloud’ – here is my attempt to impart some wisdom. The word cloud is used as a metaphor for the Internet. Cloud computing is the practice of using a network … Read More

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Minister of Finance, Aiyaz Sayed-Khaiyum, presented his 2016 Budget announcement on November 6, 2015. The announcement has a value-added tax proposal that is noteworthy in two respects; the amount and the rationale. The Minister has proposed reducing Fiji’s single VAT rate from 15% to 9%. This would place Fiji’s VAT rate below Australia’s … Read More

China Customs force “One Belt, One Road” Development

China Customs force “One Belt, One Road” Development

In 2013, China proposed the strategic initiative of building “The New Silk Road Economic Belt” and “The 21st Century Maritime Silk Road.”, also known as “One Belt, One Road” (OBOR).  The initiative is intended to promote connectivity and cooperation among countries along these routes (primarily in Eurasia).  It is reflective of China’s efforts to take a … Read More