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GSP in 2013: Companies Should’ve Saved…Could’ve Hired?

Written on February 12, 2014 in GSP

According to new data released last week, American companies imported $18.5 billion worth of GSP-eligible products in 2013. GSP should have reduced taxes on those companies by nearly $700 million. Instead, companies had to pay about $280 million in higher taxes because Congress allowed GSP to expire on July 31. TRInternational, Inc. (TRI), a global...

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