Tim Sarson (KPMG) provides your monthly update on international tax.
Even though I don’t usually write in detail about indirect tax developments it would be difficult to not include a comment on the developing political situation involving US and Chinese customs duties. President Trump has proposed $50bn worth of US tariffs on hundreds of Chinese imports; and China has subsequently announced proposed tariffs on an additional 106 US products. The US has stated that this is to address China’s policies concerning technology transfers and intellectual property. The row started with US import taxes on steel being set at 25% and 10% for aluminium which went into effect on 23 March 2018. China believed these would adversely affect its trade.
It is not yet certain how far this ‘tit-for-tat’ trade war will go but at the time of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Tim Sarson (KPMG) provides your monthly update on international tax.
Even though I don’t usually write in detail about indirect tax developments it would be difficult to not include a comment on the developing political situation involving US and Chinese customs duties. President Trump has proposed $50bn worth of US tariffs on hundreds of Chinese imports; and China has subsequently announced proposed tariffs on an additional 106 US products. The US has stated that this is to address China’s policies concerning technology transfers and intellectual property. The row started with US import taxes on steel being set at 25% and 10% for aluminium which went into effect on 23 March 2018. China believed these would adversely affect its trade.
It is not yet certain how far this ‘tit-for-tat’ trade war will go but at the time of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
