Tax & Accounting Blog

Import and Export Classification Risks

Import and Export Classification Risks

Blog, Global Trade, ONESOURCE October 14, 2016

Accurate product classification is one of the foundational components for moving product across borders.  In fact, import and export classification influences the basis for nearly every import and export transaction and the resulting tax and tariff assessment and fees levied by Customs and other regulatory authorities worldwide. Selecting the correct product classification is critical for … Read More

U.S. Representatives Attempt to Halt Finalization of Proposed 385 Regulations

U.S. Representatives Attempt to Halt Finalization of Proposed 385 Regulations

In a last-ditch effort to halt the finalization of the Proposed Section 385 Regulations (Prop. Regs.), members of the U.S. House Ways and Means Committee warned administration officials that these regulations now under final review at the White House Office of Management and Budget (OMB) need to be revised to avoid unintended harm … Read More

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

By Taneli Ruda and Sam Cicogna As the pace and scope of global regulation around tax avoidance strategies continues to increase, transfer pricing policy is becoming top-of-mind for multinational companies. Of particular interest is how intra-company transfer pricing and customs work together—or sometimes don’t—so I asked Sam Cicogna, my colleague and a transfer pricing expert, … Read More