US

US: Interest rates on tax underpayments and overpayments for the third quarter of 2017

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The Internal Revenue Service on 9 June 2017 announced that interest rates for tax underpayments and overpayments will remain the same for the calendar quarter beginning July 1, 2017.

The rates will be:

  • four percent for overpayments (three percent in the case of a corporation);
  • one and one-half percent for the portion of a corporate overpayment exceeding $10,000;
  • four percent for underpayments; and
  • six percent for large corporate underpayments.

Under the Internal Revenue Code, the rate of interest on tax underpayments and overpayments is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half of a percentage point.

The interest rates are computed from the federal short-term rate determined during April 2017 to take effect May 1, 2017, based on daily compounding. Revenue Ruling 2017-13, announcing the rates of interest, will appear in Internal Revenue Bulletin 2017-26, dated June 26, 2017.

US: Government sign an arrangement with New Zealand to exchange CbC reports

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The competent authorities of New Zealand and the U.S. have concluded an arrangement on the exchange of Country-by-Country Reports. On May 31, 2017, the U.S. Internal Revenue Service (IRS) updated its listing of competent authority arrangements (CAAs) between the U.S. and its treaty partners. The listing includes a CAA between the U.S. and New Zealand on the exchange of country-by-country (CbC) reports.

Under the arrangement, both countries desire to increase international tax transparency and improve access of their respective tax authorities to information regarding the global allocation of the income, the taxes paid, and certain indicators of the location of economic activity among tax jurisdictions in which multinational enterprise groups (“MNE Groups”) operate through the automatic exchange of annual country-by-country reports (“CbC Reports”), with a view to assessing high-level transfer pricing risks and other base erosion and profit shifting related risks, as well as for economic and statistical analysis, where appropriate.

The first fiscal year for which the U.S. and New Zealand intend to exchange CbC Reports is for the fiscal years of MNE Groups commencing on or after January 1, 2016. Such CbC Report is intended to be exchanged as soon as possible and no later than 18 months after the last day of the fiscal year of the MNE Group to which the CbC Report relates. CbC Reports with respect to fiscal years of MNE Groups commencing on or after January 1, 2017 are intended to be exchanged as soon as possible and no later than 15 months after the last day of the fiscal year of the MNE Group to which the CbC Report relates.

The Competent Authorities intend to exchange the CbC Reports automatically through a common schema in Extensible Markup Language (XML). The Competent Authorities intend to work toward and decide on one or more methods for electronic data transmission including encryption standards.

South Africa and U.S. sign an agreement on the exchange of country-by-country reports

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The competent authorities of South Africa and the U.S. have concluded an arrangement on the exchange of Country-by-Country Reports. On June 5, 2017 the South African Revenue Service (SARS) released the text of the arrangement. According to SARS the agreement was signed on May 8, 2017 in Pretoria and May 26, 2017 in Washington D.C.

Both countries desire to increase international tax transparency and improve access of their respective tax authorities to information regarding the global allocation of the income, the taxes paid, and certain indicators of the location of economic activity among tax jurisdictions in which multinational enterprise groups (“MNE Groups”) operate through the automatic exchange of annual country-by-country reports (“CbC Reports”), with a view to assessing high-level transfer pricing risks and other base erosion and profit shifting related risks, as well as for economic and statistical analysis, where appropriate.

The first fiscal year for which the U.S. and South Africa intend to exchange CbC Reports is for the fiscal years of MNE Groups commencing on or after January 1, 2016. Such CbC Report is intended to be exchanged as soon as possible and no later than 18 months after the last day of the fiscal year of the MNE Group to which the CbC Report relates. CbC Reports with respect to fiscal years of MNE Groups commencing on or after January 1, 2017 are intended to be exchanged as soon as possible and no later than 15 months after the last day of the fiscal year of the MNE Group to which the CbC Report relates.

The Competent Authorities intend to exchange the CbC Reports automatically through a common schema in Extensible Markup Language (XML). The Competent Authorities intend to work toward and decide on one or more methods for electronic data transmission including encryption standards.

United States: ADD/CVD Roundup for May 2017

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Following table shows the Federal Register notices related to ADD/CVD cases for May 2017 in United States.

Country Product Investigations Case Number Details
Argentina Biodiesel Determinations C-357-821 See the Federal Register notification
Argentina Biodiesel Determinations A-357-820 See the Federal Register notification
Australia Silicon Metal Postponement of Preliminary Determinations of Countervailing Duty Investigations C-602-811 See the Federal Register notification
Austria Certain Carbon and Alloy Steel Cut-To-Length Plate Antidumping Duty Orders A-433-812 See the Federal Register notification
Austria Carbon and Alloy Steel Cut-to-Length Plate Determinations A-433-812 See the Federal Register notification
Belarus Carbon and Certain Alloy Steel Wire Rod Determinations A-822-806 See the Federal Register notification
Belgium Certain Carbon and Alloy Steel Cut-To-Length Plate Antidumping Duty Orders A-423-812 See the Federal Register notification
Belgium Carbon and Alloy Steel Cut-to-Length Plate Determinations A-423-812 See the Federal Register notification
Belgium Stainless Steel Plate in Coil Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-423-808 See the Federal Register notification
Brazil Frozen Warmwater Shrimp Determinations A-351-838 See the Federal Register notification
Brazil Silicon Metal Postponement of Preliminary Determinations of Countervailing Duty Investigations C-351-851 See the Federal Register notification
Brazil Certain Uncoated Paper Initiation of Antidumping Duty Administrative Reviews A-351-842 See the Federal Register notification
Brazil Circular Welded Non-Alloy Steel Pipe Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-351-809 See the Federal Register notification
Brazil Iron Construction Castings Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-351-503 See the Federal Register notification
Brazil Iron Construction Castings Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-351-504 See the Federal Register notification
Canada 100- to 150-Seat Large Civil Aircraft Initiation of Less-Than-Fair-Value Investigation A-122-859 See the Federal Register notification
Canada 100- to 150-Seat Large Civil Aircraft Initiation of Countervailing Duty Investigation C-122-860 See the Federal Register notification
Canada 100- to 150-Seat Large Civil Aircraft Institution of Antidumping Duty Investigations and Scheduling of Preliminary Phase Investigations A-122-859 See the Federal Register notification
Canada 100- to 150-Seat Large Civil Aircraft Institution of Countervailing Duty Investigations and Scheduling of Preliminary Phase Investigations C-122-860 See the Federal Register notification
Canada Citric Acid and Citrate Salt Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-122-853 See the Federal Register notification
Canada Polyethylene Terephthalate Resin Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-122-855 See the Federal Register notification
China (PRC) Multilayered Wood Flooring Notice of Correction to the Final Results of Countervailing Duty Administrative Review; 2014 C-570-971 See the Federal Register notification
China (PRC) Malleable Cast Iron Pipe Fittings Notice of Rescission of the Antidumping Duty Administrative Review; 2015-2016 A-570-881 See the Federal Register notification
China (PRC) Certain Cased Pencils Final Results of Antidumping Duty Administrative Review; 2014-2015 A-570-827 See the Federal Register notification
China (PRC) Certain Helical Spring Lock Washers Continuation of Antidumping Duty Orders A-570-822 See the Federal Register notification
China (PRC) Frozen Warmwater Shrimp Determinations A-570-893 See the Federal Register notification
China (PRC) Certain Frozen Warmwater Shrimp Rescission of Antidumping Duty Administrative Review; 2016-2017 A-570-893 See the Federal Register notification
China (PRC) Certain Carbon and Alloy Steel Cut-to-Length Plate Initiation of Expedited Review of the Countervailing Duty Order C-570-048 See the Federal Register notification
China (PRC) Fresh Garlic Amended Final Results of Antidumping Duty Administrative Review; 2010-2011 A-570-831 See the Federal Register notification
China (PRC) Certain Polyester Staple Fiber Final Results of the Antidumping Duty Administrative Review; 2015-2016 A-570-905 See the Federal Register notification
China (PRC) Carton Closing Staples Determinations A-570-055 See the Federal Register notification
China (PRC) Furfuryl Alcohol Scheduling of an Expedited Five-Year Review A-570-835 See the Federal Register notification
China (PRC) 1-Hydroxyethylidene-1, 1-Diphosphonic Acid Amended Final Determination of Sales at Less Than Fair Value, and Antidumping Duty Order A-570-045 See the Federal Register notification
China (PRC) 1-Hydroxyethylidene-1, 1-Diphosphonic Acid Countervailing Duty Order C-570-046 See the Federal Register notification
China (PRC) Certain Aluminum Foil Postponement of Preliminary Determination of Countervailing Duty Investigation C-570-054 See the Federal Register notification
China (PRC) Steel Wire Garment Hangers Notice of Court Decision Not in Harmony With Final Results of Administrative Review and New Shipper Review and Notice of Amended Final Results Pursuant to Court Decision A-570-918 See the Federal Register notification
China (PRC) Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-570-058 See the Federal Register notification
China (PRC) Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Countervailing Duty Investigations C-570-059 See the Federal Register notification
China (PRC) Helical Spring Lock Washers Determinations A-570-822 See the Federal Register notification
China (PRC) Multilayered Wood Flooring Final Results and Partial Rescission of Countervailing Duty Administrative Review; 2014 C-570-971 See the Federal Register notification
China (PRC) Certain Activated Carbon Notice of Court Decision Not in Harmony With Final Results of Administrative Review and Notice of Amended Final Results With Respect to Ningxia Huahui Activated Carbon Company, Ltd. A-570-904 See the Federal Register notification
China (PRC) 1-Hydroxyethylidene-1, 1-Diphosphonic Acid (“HEDP”) Determinations A-570-045 See the Federal Register notification
China (PRC) 1-Hydroxyethylidene-1, 1-Diphosphonic Acid (“HEDP”) Determinations C-570-046 See the Federal Register notification
China (PRC) Certain Tool Chests and Cabinets Initiation of Less-Than-Fair-Value Investigations A-570-056 See the Federal Register notification
China (PRC) Sulfanilic Acid Continuation of Antidumping Duty Orders A-533-806 See the Federal Register notification
China (PRC) Certain Tissue Paper Products Initiation of Antidumping Duty Administrative Reviews A-570-894 See the Federal Register notification
China (PRC) Glycine Initiation of Antidumping Duty Administrative Reviews A-570-836 See the Federal Register notification
China (PRC) Small Diameter Graphite Electrodes Initiation of Antidumping Duty Administrative Reviews A-570-929 See the Federal Register notification
China (PRC) Certain Tool Chests and Cabinets Initiation of Countervailing Duty Investigation C-570-057 See the Federal Register notification
China (PRC) Certain Steel Threaded Rod Preliminary Results of the Antidumping Duty Administrative Review and Rescission of Antidumping Duty Administrative Review, in Part; 2015-2016 A-570-932 See the Federal Register notification
China (PRC) Drawn Stainless Steel Sinks Preliminary Results of the Antidumping Duty Administrative Review and Preliminary Determination of No Shipments; 2015-2016 A-570-983 See the Federal Register notification
China (PRC) Certain Activated Carbon Preliminary Results of Antidumping Duty Administrative Review; 2015-2016 A-570-904 See the Federal Register notification
China (PRC) Polyethylene Terephthalate Film, Sheet, and Strip Rescission of Antidumping Duty Administrative Review; 2015-2016 A-570-924 See the Federal Register notification
China (PRC) Certain Aluminum Foil Notice of Extension of Time for Public Comment Regarding Status of the People’s Republic of China as a Nonmarket Economy Country Under the Antidumping Duty Laws A-570-053 See the Federal Register notification
China (PRC) Tow-Behind Lawn Groomers and Parts Thereof Rescission of Antidumping Duty Administrative Review; 2015-2016 A-570-939 See the Federal Register notification
China (PRC) Foundry Coke Initiation of Five-Year (“Sunset”) Reviews A-570-862 See the Federal Register notification
China (PRC) High Pressure Steel Cylinders Initiation of Five-Year (“Sunset”) Reviews A-570-977 See the Federal Register notification
China (PRC) High Pressure Steel Cylinders Initiation of Five-Year (“Sunset”) Reviews C-570-978 See the Federal Register notification
China (PRC) Furfuryl Alcohol Final Results of Expedited Fourth Sunset Review of Antidumping Duty Order A-570-835 See the Federal Register notification
China (PRC) Aluminum Extrusions Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-967 See the Federal Register notification
China (PRC) Circular Welded Carbon Quality Steel Line Pipe Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-935 See the Federal Register notification
China (PRC) Citric Acid and Citrate Salt Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-937 See the Federal Register notification
China (PRC) Iron Construction Castings Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-502 See the Federal Register notification
China (PRC) Oil Country Tubular Goods Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-943 See the Federal Register notification
China (PRC) Polyethylene Terephthalate Resin Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-024 See the Federal Register notification
China (PRC) Pure Magnesium Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-832 See the Federal Register notification
China (PRC) Stilbenic Optical Brightening Agents Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-570-972 See the Federal Register notification
China (PRC) Aluminum Extrusions Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-570-968 See the Federal Register notification
China (PRC) Citric Acid and Citrate Salt Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-570-938 See the Federal Register notification
China (PRC) Polyethylene Terephthalate Resin Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-570-025 See the Federal Register notification
China (PRC) High Pressure Steel Cylinders Institution of Five-Year Reviews A-570-977 See the Federal Register notification
China (PRC) High Pressure Steel Cylinders Institution of Five-Year Reviews C-570-978 See the Federal Register notification
China (PRC) Foundry Coke Institution of a Five-Year Review A-570-862 See the Federal Register notification
France Certain Carbon and Alloy Steel Cut-To-Length Plate Amended Final Affirmative Antidumping Determinations A-427-828 See the Federal Register notification
France Carbon and Alloy Steel Cut-to-Length Plate Determinations A-427-828 See the Federal Register notification
Germany Certain Carbon and Alloy Steel Cut-To-Length Plate Amended Final Affirmative Antidumping Determinations A-428-844 See the Federal Register notification
Germany Carbon and Alloy Steel Cut-to-Length Plate Determinations A-428-844 See the Federal Register notification
Germany Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-428-845 See the Federal Register notification
India Certain Oil Country Tubular Goods Rescission of Countervailing Duty Administrative Review; 2015 C-533-858 See the Federal Register notification
India Frozen Warmwater Shrimp Determinations A-533-840 See the Federal Register notification
India Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-533-873 See the Federal Register notification
India Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Countervailing Duty Investigations C-533-874 See the Federal Register notification
India Sulfanilic Acid Continuation of Antidumping Duty Orders A-570-815 See the Federal Register notification
India Sulfanilic Acid Continuation of Countervailing Duty Orders C-533-807 See the Federal Register notification
India Welded Carbon Steel Pipe and Tube Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-533-502 See the Federal Register notification
India Polyethylene Terephthalate Resin Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-533-861 See the Federal Register notification
India Silicomanganese Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-533-823 See the Federal Register notification
India Welded Carbon Steel Pipe and Tube Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-533-502 See the Federal Register notification
India Polyethylene Terephthalate Resin Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-533-862 See the Federal Register notification
Indonesia Biodiesel Determinations  C-560-831 See the Federal Register notification
Indonesia Biodiesel Determinations  A-560-830 See the Federal Register notification
Indonesia Certain Uncoated Paper Initiation of Antidumping Duty Administrative Reviews A-560-828 See the Federal Register notification
Indonesia Certain Uncoated Paper Initiation of Countervailing Duty Administrative Reviews C-560-829 See the Federal Register notification
Indonesia Polyethylene Retail Carrier Bags Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-560-822 See the Federal Register notification
Italy Certain Carbon and Alloy Steel Cut-To-Length Plate Antidumping Duty Orders A-475-834 See the Federal Register notification
Italy Carbon and Alloy Steel Cut-to-Length Plate Determinations A-475-834 See the Federal Register notification
Italy Carbon and Certain Alloy Steel Wire Rod Determinations A-475-836 See the Federal Register notification
Italy Carbon and Certain Alloy Steel Wire Rod Determinations C-475-837 See the Federal Register notification
Italy Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-475-838 See the Federal Register notification
Italy Stainless Steel Butt-Weld Pipe Fitting Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-475-828 See the Federal Register notification
Japan Certain Carbon and Alloy Steel Cut-To-Length Plate Antidumping Duty Orders A-588-875 See the Federal Register notification
Japan Carbon and Alloy Steel Cut-to-Length Plate Determinations A-588-875 See the Federal Register notification
Japan Steel Concrete Reinforcing Bar Final Affirmative Determination of Sales at Less Than Fair Value A-588-876 See the Federal Register notification
Japan Tin Mill Products Initiation of Five-Year (“Sunset”) Reviews A-588-854 See the Federal Register notification
Japan Diffusion-Annealed Nickel-Plated Flat-Rolled Steel Products Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-588-869 See the Federal Register notification
Japan Gray Portland Cement and Cement Clinker Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-588-815 See the Federal Register notification
Japan Tin- and Chromium-Coated Steel Sheet Institution of a Five-Year Review A-588-854 See the Federal Register notification
Kazakhstan Silicon Metal Postponement of Preliminary Determinations of Countervailing Duty Investigations C-834-808 See the Federal Register notification
Kazakhstan Silicomanganese Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-834-807 See the Federal Register notification
Malaysia Polyethylene Retail Carrier Bags Final Results of Antidumping Duty Administrative Review; 2015-2016 A-557-813 See the Federal Register notification
Malaysia Stainless Steel Butt-Weld Pipe Fitting Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-557-809 See the Federal Register notification
Mexico Carbon and Certain Alloy Steel Wire Rod Final Results of Antidumping Duty Administrative Review and Final Determination of No Shipments; 2014-2015 A-201-830 See the Federal Register notification
Mexico Large Residential Washers Initiation of Antidumping Duty Administrative Reviews A-201-842 See the Federal Register notification
Mexico Circular Welded Non-Alloy Steel Pipe Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-201-805 See the Federal Register notification
Oman Polyethylene Terephthalate Resin Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-523-810 See the Federal Register notification
Philippines Stainless Steel Butt-Weld Pipe Fitting Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-565-801 See the Federal Register notification
Portugal Certain Uncoated Paper Initiation of Antidumping Duty Administrative Reviews  A-471-807 See the Federal Register notification
Republic of Korea Certain Carbon and Alloy Steel Cut-To-Length Plate Amended Final Affirmative Antidumping Determinations A-580-887 See the Federal Register notification
Republic of Korea Certain Carbon and Alloy Steel Cut-to-Length Plate Countervailing Duty Order C-580-888 See the Federal Register notification
Republic of Korea Carbon and Alloy Steel Cut-to-Length Plate Determinations A-580-887 See the Federal Register notification
Republic of Korea Carbon and Alloy Steel Cut-to-Length Plate Determinations C-580-888 See the Federal Register notification
Republic of Korea Welded ASTM A-312 Stainless Steel Pipe Final Results of Antidumping Duty Administrative Review and Final Determination of No Shipments; 2014-2015 A-580-810 See the Federal Register notification
Republic of Korea Carbon and Certain Alloy Steel Wire Rod Determinations A-580-891 See the Federal Register notification
Republic of Korea Certain Welded Stainless Steel Pipe Determinations A-580-810 See the Federal Register notification
Republic of Korea Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-580-892 See the Federal Register notification
Republic of Korea Ferrovanadium Antidumping Duty Order A-580-886 See the Federal Register notification
Republic of Korea Ferrovanadium Determinations A-580-886 See the Federal Register notification
Republic of Korea Large Residential Washers Initiation of Antidumping Duty Administrative Reviews A-580-868 See the Federal Register notification
Republic of Korea Cut-To-Length Carbon-Quality Steel Plate Initiation of Countervailing Duty Administrative Reviews C-580-837 See the Federal Register notification
Republic of Korea Circular Welded Non-Alloy Steel Pipe Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-580-809 See the Federal Register notification
Republic of Korea Polyester Staple Fiber Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-580-839 See the Federal Register notification
Russia Carbon and Certain Alloy Steel Wire Rod Determinations A-821-824 See the Federal Register notification
South Africa Carbon and Certain Alloy Steel Wire Rod Determinations A-791-823 See the Federal Register notification
South Africa Stainless Steel Plate in Coils Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-791-805 See the Federal Register notification
South Africa Stainless Steel Plate in Coils Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-791-806 See the Federal Register notification
Spain Carbon and Certain Alloy Steel Wire Rod Determinations A-469-816 See the Federal Register notification
Spain Stainless Steel Bar Initiation of Antidumping Duty Administrative Reviews A-469-805 See the Federal Register notification
Switzerland Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel Initiation of Less-Than-Fair-Value Investigations A-441-801 See the Federal Register notification
Taiwan Certain Helical Spring Lock Washers Continuation of Antidumping Duty Orders A-583-820 See the Federal Register notification
Taiwan Certain Carbon and Alloy Steel Cut-To-Length Plate Amended Final Affirmative Antidumping Determinations A-583-858 See the Federal Register notification
Taiwan Carbon and Alloy Steel Cut-to-Length Plate Determinations A-583-858 See the Federal Register notification
Taiwan Certain Circular Welded Carbon Steel Pipes and Tubes Preliminary Results of Antidumping Duty Administrative Review and Preliminary Determination of No Shipments; 2015-2016 A-583-008 See the Federal Register notification
Taiwan Certain Welded Stainless Steel Pipe Determinations A-583-815 See the Federal Register notification
Taiwan Helical Spring Lock Washers Determinations A-583-820 See the Federal Register notification
Taiwan Light-Walled Welded Rectangular Carbon Steel Tubing Final Results of the Expedited Fourth Sunset Review of the Antidumping Duty Order A-583-803 See the Federal Register notification
Taiwan Light-Walled Rectangular (LWR) Pipe and Tube Scheduling of an Expedited Five-Year Review A-583-803 See the Federal Register notification
Taiwan Circular Welded Non-Alloy Steel Pipe Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-583-814 See the Federal Register notification
Taiwan Certain Circular Welded Carbon Steel Pipe and Tubes Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-583-008 See the Federal Register notification
Taiwan Certain Circular Welded Carbon Steel Pipes and Tubes Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-583-008 See the Federal Register notification
Taiwan Polyester Staple Fiber Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-583-833 See the Federal Register notification
Taiwan Polyethylene Retail Carrier Bags Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-583-843 See the Federal Register notification
Taiwan Stainless Steel Plate in Coils Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-583-830 See the Federal Register notification
Taiwan Stilbenic Optical Brightening Agents Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-583-848 See the Federal Register notification
Thailand Frozen Warmwater Shrimp Determinations A-549-822 See the Federal Register notification
Thailand Circular Welded Carbon Steel Pipes and Tubes Initiation of Antidumping Duty Administrative Reviews  A-549-502 See the Federal Register notification
Thailand Certain Circular Welded Carbon Steel Pipe and Tubes Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-549-502 See the Federal Register notification
Turkey Circular Welded Carbon Steel Pipes and Tubes Rescission of Countervailing Duty Administrative Review; 2016 C-489-502 See the Federal Register notification
Turkey Steel Concrete Reinforcing Bar Final Determination of Sales at Less Than Fair Value A-489-829 See the Federal Register notification
Turkey Steel Concrete Reinforcing Bar Final Affirmative Countervailing Duty Determination C-489-830 See the Federal Register notification
Turkey Carbon and Certain Alloy Steel Wire Rod Determinations A-489-831 See the Federal Register notification
Turkey Carbon and Certain Alloy Steel Wire Rod Determinations C-489-832 See the Federal Register notification
Turkey Welded Line Pipe Rescission, in Part, of Countervailing Duty Administrative Review; 2015 C-489-823 See the Federal Register notification
Turkey Circular Welded Carbon Steel Pipes and Tubes Initiation of Countervailing Duty Administrative Reviews C-489-502 See the Federal Register notification
Turkey Certain Circular Welded Carbon Steel Pipe and Tubes Antidumping Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews A-489-501 See the Federal Register notification
Turkey Certain Circular Welded Carbon Steel Pipe and Tubes Countervailing Duty Order, Finding, or Suspended Investigation; Advance Notification of Sunset Reviews C-489-502 See the Federal Register notification
Turkey Circular Welded Carbon Steel Pipes and Tubes Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-489-501 See the Federal Register notification
Turkey Light-Walled Rectangular Pipe and Tube Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-489-815 See the Federal Register notification
UAE Certain Steel Nails Preliminary Results of Antidumping Duty Administrative Review; 2015-2016 A-520-804 See the Federal Register notification
UAE Carbon and Certain Alloy Steel Wire Rod Determinations A-520-808 See the Federal Register notification
UAE Polyethylene Terephthalate Film, Sheet and Strip Partial Rescission of Antidumping Duty Administrative Review; 2015-2016 A-520-803 See the Federal Register notification
UAE Steel Nails Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-520-804 See the Federal Register notification
Ukraine Carbon and Certain Alloy Steel Wire Rod Determinations A-823-816 See the Federal Register notification
Ukraine Silicomanganese Preliminary Results of Antidumping Duty Administrative Review; 2015-2016 A-823-805 See the Federal Register notification
United Kingdom Carbon and Certain Alloy Steel Wire Rod Determinations A-412-826 See the Federal Register notification
Venezuela Silicomanganese Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-307-820 See the Federal Register notification
Vietnam Utility Scale Wind Towers Notice of Amended Initiation of Antidumping Duty Administrative Review; 2016-2017 A-552-814 See the Federal Register notification
Vietnam Certain Oil Country Tubular Goods Rescission of Antidumping Duty Administrative Review; 2015-2016 A-552-817 See the Federal Register notification
Vietnam Steel Wire Garment Hangers Rescission of Countervailing Duty Administrative Review; 2016 C-552-813 See the Federal Register notification
Vietnam Frozen Warmwater Shrimp Determinations A-552-802 See the Federal Register notification
Vietnam Certain Tool Chests and Cabinets Initiation of Less-Than-Fair-Value Investigations A-552-821 See the Federal Register notification
Vietnam Steel Wire Garment Hangers Rescission of Antidumping Duty Administrative Review; 2016-2017 A-552-812 See the Federal Register notification
Vietnam Polyethylene Retail Carrier Bags Antidumping Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review A-552-806 See the Federal Register notification
Vietnam Polyethylene Retail Carrier Bags Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To Request Administrative Review C-552-805 See the Federal Register notification

PGA Highlights: May 2017

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In the United States the following events have taken place under the several PGA during the month of May 2017.

Agencies Summary
Federal Register Distribution of continued dumping and subsidy offset for fiscal year 2017:
According to  the Continued Dumping and Subsidy Offset Act of 2000, this document is U.S. CBP’s notice of intent to distribute assessed anti-dumping or countervailing duties (known as the continued dumping and subsidy offset) for Fiscal Year 2017. This provides the guidance for affected domestic producers, or anyone alleging eligibility to receive a distribution, to file certifications to claim a distribution in relation to the listed orders or findings. Certifications  to obtain a continued dumping and subsidy offset under a particular order or finding must be received by July 31, 2017. See Details
Tuna-Tariff rate quota for calendar year 2017:
An announcement of the quota quantity of tuna in airtight containers for Calendar Year 2017 was given by the U.S. Customs and Border Protection, Department of Homeland Security. Every year, the tariff-rate quota for tuna described in subheading 1604.14.22, is calculated as a percentage of the tuna in airtight containers entered, or withdrawn from warehouse, for consumption during the preceding Calendar Year. The 2017 tariff-rate quota is applicable to tuna for consumption during the period January 1, 2017 through December 31, 2017. See Details
Guidance of certain tobacco product compliance deadlines:
The guidance was announced by the Food and Drug Administration (FDA). This is intended to assist persons who manufacture, package, sell, offer to sell, distribute, or import for sale and distribution within the U.S. newly regulated tobacco products, roll-your-own (RYO) tobacco, and cigarette tobacco in complying with the Federal Food, Drug, and Cosmetic Act (the FD&C Act), as amended by the Family Smoking Prevention and Tobacco Control Act and FDA regulations. See Details
Importing fresh baby kiwi from Chile:
This notice announces the Animal and Plant Health Inspection Service’s intention to request a revision to and extension of approval of an information collection related to the regulations for the importation of fresh baby kiwi from Chile into the continental United States. All the comments have to be submitted on or before July 10, 2017. See Details
Application for exportation of articles under special bond:
The Department of Homeland Security, U.S. Customs and Border Protection will be submitting some information collection request to the Office of Management and Budget (OMB) for review and approval under the Paperwork Reduction Act of 1995. The information collection is published to obtain comments from the public and affected agencies. Comments will be accepted no later than July 3, 2017 under consideration. See Details
Declaration of unaccompanied articles:
The U.S. CBP and Department of Homeland Security will be submitting some information collection request to the Office of Management and Budget (OMB) for review and approval according to the Paperwork Reduction Act of 1995. The information collection is published to obtain comments from the public and affected agencies. Comments will be accepted no later than July 3, 2017 to be assured of consideration. See Details
Reopen comment periods for Trichloroethylene, Methylene Chloride and N-Methylpyrrolidone:
EPA issued two proposed rules under section 6 of the Toxic Substances Control Act (TSCA). The first action proposed to prohibit the manufacture (including import), processing, and distribution in commerce of trichloroethylene (TCE) for use in vapor degreasing. It proposed to require manufacturers (including importers), processors, and distributors, except for retailers, of TCE for any use to provide downstream notification of these prohibitions throughout the supply chain; and to require limited recordkeeping. The second action proposed to prohibit the manufacture (including import), processing, and distribution in commerce of methylene chloride and N-methylpyrrolidone (NMP) for consumer and most types of commercial paint and coating removal. This document reopens and extends the comment periods for each proposed rule for an additional 30 days. See Details

US: Trump releases final 2018 budget proposal

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President Trump released his budget proposal for the FY 2018 on May 23, 2017, expanding on the budget blueprint he released in March. The Trump Administration proposed to Congress a $4.1 trillion FY 2018 budget that aims to balance the federal budget over 10 years by promoting economic growth through tax reform, regulatory relief, and infrastructure investments, and by significantly reducing federal spending.

The budget does not provide additional details on the tax reform principles announced on April 27, 2017 by Administration officials. The Administration’s tax reform principles call for lowering business tax rates to 15 percent, moving to a territorial tax system from the current worldwide system, enacting a one-time repatriation tax on the accumulated foreign earnings of US companies, and repealing “most special interest tax breaks.” The Administration’s reform principles also call for moving from seven to three individual tax brackets, with rates set at 10 percent, 25 percent, and 35 percent; lowering the top investment tax rate to 20 percent, after repeal of the 3.8 percent net investment tax; and increasing the standard deduction.

The Budget Proposal contains several significant provisions regarding nuclear energy. The proposal would provide $120 million to the US Department of Energy (DOE) to restart licensing activities for the Yucca Mountain nuclear waste repository and initiate a robust interim storage program. The Budget Proposal is silent regarding energy-related tax provisions such as the production tax credit (PTC) and the investment tax credit (ITC), as well as the New Markets Tax Credit (NMTC) program.

US: IRS offers two options for claiming the Home Office Deduction

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The Internal Revenue Service recently reminded small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners.

The first option for calculating the Home Office Deduction is the Regular Method. This method requires computing the business use of the home by dividing the expenses of operating the home between personal and business use. Direct business expenses are fully deductible and the percentage of the home floor space used for business is assignable to indirect expenses.

The second option, the Simplified Method, reduces the paperwork and recordkeeping burden for small businesses. The simplified method has a prescribed rate of $5 per square foot for business use of the home. There is a maximum allowable deduction available based on up to 300 square feet. Choosing this option requires taxpayers to complete a short worksheet in the tax instructions and entering the result on the tax return. Deductible expenses for business use of a home include the business portion of real estate taxes, mortgage interest, rent, casualty losses, utilities, insurance, depreciation, maintenance and repairs. In general, expenses for the parts of the home not used for business are not deductible.