Chinese billionaire Liu Zhongtian who founded the aluminum maker China Zhongwang, has been indicted by a federal grand jury on charges that he evaded nearly $2 billion in tariffs as part of a conspiracy to evade U.S. tariffs by smuggling China-made aluminum into Mexico and driving them into the U.S. according to the Wall...

Customs and Border Protection is looking into a Minnesota company for tariff evasion after a Channel 9 and Cox Media Group investigation which found the country of origin labeling irregularities on surge protectors made in China. CyberPower Systems surge protectors being sold in Home Depots. Cox Media Group stations in Atlanta, Boston, Jacksonville, Memphis,...

Nintendo has reportedly started making two new Switch consoles outside of China in order to evade new tariffs on US imports. The Wall Street Journal reports that Nintendo’s supply chain have confirmed the movement of production to Southeast Asia, and that the company aims to produce enough consoles to fulfill demand in the US....

Joseph Bailey, CEO of a children's apparel company called Stargate apparel Inc and Rivstar Apparel Inc. has been charged with participating in a scheme to defraud I.S. Customs by understating the true value of children's apparel made in China and resulting in a loss to the United States of over $1 million...

According to a Bloomberg news report, Vietnam said on Sunday that it found dozens of fake product-origin certificates and illegal transfers by companies evading U.S. tariffs on everything from agriculture to textiles and steel. It was the first time an Asian government has publicly said this was happening since the trade war...

In his book, Moneyland, Oliver Bullough details how wealthy individuals and large companies take advantage of a long list of loopholes to hide profits and leverage their control over the world. With a combination of geography and demography, Bullough takes readers on a journey of the corrupt practices followed by some of the...

According to a report by the Guardian, British American Tobacco is being accused of attempting to evade over $700 million in taxes combined from Bangladesh, Indonesia, Kenya, Guyana, Brazil, Trinidad, and Tobago using a UK-based subsidiary to maneuver their profits. British American Tobacco (BAT), based in London, is the...

Forty percent of today’s cross-border direct investments reported by the IMF – $18 trillion in value – are being booked in just 10 countries that offer corporate tax rates of 3 percent or less. An independent international research organization, The Corporate Tax Haven Index, has published a report https://www.corporatetaxhavenindex.org/introduction/cthi-2019-results,...

A growing number of Chinese companies are finding ways to evade President Donald Trump’s tariffs: remove the “Made in China” label by shifting manufacturing from China to countries such as Vietnam, Serbia, and Mexico. Chinese factories are moving abroad to skirt higher customs taxes on their exports to the United States and...