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 readingBased on data released last week, continued GSP expiration cost American importers another $55 million in November 2014. For New Mexico, November 2014 was the most costly month yet in terms of unnecessary taxes paid because of GSP expiration, driven largely by above average imports of jewelry from the Philippines and Turkey. From August 2013...
Continue readingOn a snowy day in DC, the 114th Congress was officially sworn in today. After a year-and-a-half of inaction on the expired GSP program, the new Congress couldn’t get here soon enough. The House alone has nearly 60 new members – many of which represent companies with a direct stake in swift, retroactive GSP renewal....
Continue reading