U.S. Customs and Border Protection is taking more action to stop China's evasion of our antidumping law and the duties they are supposed to pay on goods being imported into the United States. The most recent efforts involve the duties on hardwood plywood products imported from China. In addition a recent
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Category: Tariff Evasion
Bermuda Named World’s Worst Corporate Tax Haven in Oxfam List
According to a list by Oxfam, a charitable organization that works to alleviate global poverty, Bermuda is the worst corporate tax haven in the world. Joining Bermuda on this list are fourteen other tax havens, which include the Cayman Islands and British Virgin Islands. But, what makes Bermuda stand out among the...
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Univar USA to pay $62.5 Million to settle feds case on evasion of $36 million import duties on transshipped Chinese Saccharin
Univar USA Inc. (Univar), a subsidiary of Univar Inc. has agreed to pay the United States $62.5 million to settle federal charges that it wrongfully imported 36 shipments of transshipped saccharin between 2007 and 2012. The saccharin was manufactured in China and transshipped through Taiwan to evade a 329 percent antidumping duty...
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Bermuda blacklisted by European Union as a non-cooperative tax jurisdiction
Bermuda was placed on an updated blacklist as a non-cooperative tax jurisdiction by the European Union. The EU hopes that this will inspire Bermuda, as well the other captive domiciles on the list, to take the concept of tax evasion and avoidance seriously, and keep globe financial in order.
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The DOL and IRS Come Together to Better Distinguish and Properly Classify Employees as Opposed to Independent Contractors within The Workforce
In order to assure that workers are being classified correctly, the Department of Labor and the IRS are working together to pay close attention to cases involving determination of work status and issuing the correct penalty to employers.
When it comes to doing work for money, employers can classify...
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Several Billionaires from Britain Attempt to Relocate to Tax Havens in Hopes of Avoiding Payment
Reports from London have shown that nearly a third of the billionaires located in Britain plan to or have already moved to areas considered tax havens. In addition to this sudden shift, there is also talk of an investigation into political party bankrolling from those that have chosen to relocate, as well...
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Turkish Journalist is Sentenced to Jail Time for Her Work in The Paradise Papers as Decided By Istanbul Court After Investigation
After a lawsuit was filed against investigative journalist, Pelin Ünker, for her reporting on the Paradise Papers, an Istanbul court has found her guilty of defaming Turkey’s former Prime Minister, Binali Yildirim. For speaking against Yildirim and reporting on his confirmed offshore activities, Ünker has been sentenced to thirteen months in jail...
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Chinese Windmill Company Pays Total of $57.5 Million to American SuperConducter Inc. After Software is Discovered Stolen
A Chinese company, Sinovel Wind Group Co., has been ordered to pay American SuperConducter Inc. (AMSC) $57.5 million after being convicted of multiple charges regarding the theft of proprietary software. This theft resulted in substantial losses for AMSC, including $800 million in revenue and $1 billion in stock market value. Today, the...
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Chinese export companies rush to build factories in other countries including Cambodia and Vietnam to evade U.S. trade tariffs
China’s key export companies are pushing to build and expand their factories overseas, in Cambodia and Vietnam, according to Epoch Times and other media sources. One of them, KingClean Electric Co. is a company that creates cleaning appliances and garden tools and it says its overseas business accounted for 67 percent, according to...
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U.S. Customs finds Chinese aluminum makers cheating U.S. tariffs by changing true country of origin (China) and trans-shipping thru Malaysia
U.S. Customs and Border Protection (CBP) has determined that Sun Bright International Corp. and Fair Importing Corp. two Chinese companies have evaded antidumping (AD) and countervailing duties (CVD) by importing aluminum extrusions into the U.S. from China by transshipment through Malaysia and mis-stating the true country of origin which was China.
CBP says it has...
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