We frequently note that each day of GSP expiration costs American importers nearly $2 million in additional taxes. We also highlight the diverse GSP importers that are on the supporter list. But we don’t know how many other GSP importers might be paying those taxes on any given day. So we decided to conduct an...
Continue readingMay is World Trade Month. For most people, that means a chance to talk up the benefits of exports for American jobs. Yet for many American companies – and users of the U.S. Generalized System of Preferences (GSP) program in particular – access to imports has an important, positive, U.S. job impact that is too...
Continue reading[getty src=”172709561?et=GcWiOQ7veUCcIPCXAam_nQ&sig=4GqngzqV2fttUS29IMlV1bAT_d8n-2VMK47gpxuFRgs=” width=”450″ height=”354″] Tax day. For some that means refunds and others it means cutting a check to Uncle Sam. For GSP importers, it means another $1.8 million in higher import taxes (in addition to corporate t...
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