Canada: Trudeau cautious on renegotiating NAFTA
The Canadian Prime Minister, Justin Trudeau met with Wisconsin Gov., Scott Walker at the National Governors Association meeting on 14 July 2017. They discussed a number of issues affecting Canada and Wisconsin including the North American Free Trade
See MoreUS: IRS releases final versions of CbC form and instructions
The Internal Revenue Service has recently released final versions of the form and instructions for filing country-by-country (CbC) reports. Parent entities of U.S. multinational enterprise (MNE) groups with $850 million or more of revenue in a
See MoreUS: Department of Commerce finalizes sugar trade compromise with Mexico
The U.S. Department of Commerce has finalized an agreement on the suspension of anti-dumping and countervailing duties on Mexican exports of sugar. The agreement, which reworked a 2014 pact, averts steep duties on U.S. imports of sugar from Mexico,
See MoreUnited States: ADD/CVD Roundup for June 2017
Following table shows the Federal Register notices related to ADD/CVD cases for June 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Postponement of Preliminary Determinations of Countervailing Duty
See MorePGA Highlights: June 2017
In the United States the following events have taken place under the several PGA during the month of June 2017. Agencies Summary Federal Register Effective date for the ACE system as the the sole CBP-authorized EDI system: The U.S. Customs
See MoreUS: IRS Launches CbC reporting pages on IRS.gov
The Internal Revenue Service on 30 June 2017 announced the launch of Country-by-Country Reporting pages on irs.gov. These pages provide background information on Country-by-Country Reporting, frequently asked questions and other helpful resources,
See MoreUS: Interest rates on tax underpayments and overpayments for the third quarter of 2017
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
See MoreUS: Government sign an arrangement with New Zealand to exchange CbC reports
The competent authorities of New Zealand and the U.S. have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of country-by-country reports is on the basis of a double tax
See MoreSouth Africa and U.S. sign an agreement on the exchange of country-by-country reports
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
See MoreUnited States: ADD/CVD Roundup for May 2017
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
See MorePGA Highlights: May 2017
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
See MoreUS: Trump releases final 2018 budget proposal
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
See MoreUS: IRS offers two options for claiming the Home Office Deduction
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
See MoreUS: Business start-ups can opt to offset research credit against payroll tax
During the National Small Business Week celebration held from April 30 to May 6 the IRS has been highlighting tax benefits and resources designed to help new and existing small businesses. Eligible small business startups can now choose to apply
See MoreUnited States: ADD/CVD Roundup for April 2017
Following table shows the Federal Register notices related to ADD/CVD cases for April 2017 in United States. Country Product Investigations Case Number Details Canada Certain Softwood Lumber Products Preliminary Affirmative Countervailing Duty
See MorePGA Highlights: April 2017
In the United States the following events have taken place under the several PGA during the month of April 2017. Agencies Summary Federal Register 2017 West Coast Trade Symposium on further trade updates: This document declares that U.S.
See MoreUS: Trump planning dramatic cut to corporate tax rate
President Trump is planning to cut the corporate tax rate to 15 percent even though that means a loss of revenue. Trump told his staff during a meeting in the Oval Office that he wants a massive tax cut for the American public. The 15 percent rate
See MoreUS: Government confirms duty-free access for some goods from Nepal
The US government has confirmed that 66 Nepali goods now eligible for duty-free entry into United Nations through Trade Preferences Act (TPA). The confirmation was made during the third joint council meeting of the Trade and Investment Framework
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