As Republicans now look to build on the success of President Trump’s tax cuts with a second reconciliation bill, protecting duty drawback should remain a priority for Congress as it aims to grow our ...
Americans are not in a good mood this month after cutting big checks to the IRS, thanks to a complicated and unfair tax code. There is a feeling that large corporations and rich individuals know how ...
Volvo Cars and EV startup Polestar will be tapping into an old U.S. trade program to import Chinese vehicles at a lower cost, giving the Swedish brands a competitive leg up. By using the U.S. duty ...
EXCLUSIVE — A key agricultural coalition is launching another six-figure ad buy asking Republicans to keep a critical farming and manufacturing provision in the One Big Beautiful Bill Act, one of ...
More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...
On April 5, 2025, U.S. Customs and Border Protection (“CBP”) issued guidance through the Cargo Systems Messaging Service (“CSMS”) that duty drawback is available for the 10% universal baseline tariffs ...
Foreign firms exploit tax loophole to claim refunds without paying excise taxes. Loophole creates cost burden for U.S. taxpayers and undercuts domestic growers. Closing loophole could save $12 billion ...
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