As we posted the other day, GSP expiration cost American companies $55 million in new taxes in November 2014, bringing the total taxes paid from August 2013 to November 2014. With GSP expiration, it’s not the case that just a few areas are impacted. Companies in every state are paying higher taxes, as shown on...
Continue readingTRInternational (TRI), based in Seattle, Washington, imports over 3 million pounds of eligible chemical products annually from Brazil, Thailand, and Turkey. These are raw materials that in turn are sold primarily to American manufacturers. As we wrote previously, TRI has made the Puget Sound Business Journal’s “Top 100 Fastest Grow...
Continue readingWe 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 reading