WTO talks in Yaounde end in deadlock over e-commerce customs duties http://newsfeed.facilit8.network/TRmf3D #WTO #Ecommerce #CustomsDuties #TradeTalks #Yaounde
Bloomberg: “US #tariff #revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the #budget #deficit — pointing to the government’s #fiscal challenges. #Customsduties climbed to $28 billion, up 273% from July last year”
Lim Kwang-hyun, nominee for National Tax Service chief, said South Korea's 2025 tax revenue will depend on corporate tax prepayments and customs duties, with large-scale tax cuts also impacting collections.
#YonhapInfomax #TaxRevenue #NationalTaxService #CorporateTax #CustomsDuties #TaxCuts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=72106
Lim Kwang-hyun Says This Year's Tax Revenue Hinges on Corporate Tax Prepayments—Customs Duties Also in Focus

Lim Kwang-hyun, nominee for National Tax Service chief, said South Korea's 2025 tax revenue will depend on corporate tax prepayments and customs duties, with large-scale tax cuts also impacting collections.

Yonhap Infomax
US announces significant reduction in tariffs on small-value direct purchases from China, cutting rates from 120% to 54% while maintaining $100 minimum fee
#YonhapInfomax #USTariffs #ChinaImports #DirectPurchases #TradePolicy #CustomsDuties #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63027
US to Cut Tariffs on Small Direct Purchases from China from 120% to 54%

US announces significant reduction in tariffs on small-value direct purchases from China, cutting rates from 120% to 54% while maintaining $100 minimum fee

Yonhap Infomax
I was wondering: after years of globalisation and low tariffs, are there anywhere near enough customs officers and/or agents to implement this new wave of global tariffs? Or is it all automated these days?
#tariffs #Politics #customsduties

Tariffs on uninhabited Australian islands ? 😂
There must be a problem at the White House.

#CustomsDuties

Hey Mr. #Trump if the US rises #customsduties on #EU products let's say german cars my suggestion is #EU taxes any US tech enteprises the way we would do in the EU country with the highest tax rate. Also we would regulate them. Instead of this we could rise fees for every proven fake news distributed on any of the networks let's say 100k € each. Good deal? Cheers...

@RobertaFidora @alpenglow

collect and pay VAT on the customer's behalf, but I'm not quite sure where that is detailed or how it works.

Either way, it all is a major pita (you should see the online declaration forms I just had a look at - they are horrendous).

Anyway, I'd love to hear from someone who knows more about how #CustomsDuties / #ImportVAT / #ImportTax into the EU and Germany in particular works in practice, especially for items below the €150 threshold ...

#BoostsWelcome 🧵 3/3

India’s trade policy is working great — for Vietnam

Policymakers are convinced that their strategy is a masterstroke. The PLI program, which kicked in for mobile phones in October 2020, is being touted as a success. Andy Mukherjee writes.

#TradePolicy #PLI #trade #MobilePhones #CustomsDuties #vietnam #china #apple #samsung #industry #india

https://www.deccanherald.com/business/indias-trade-policy-is-working-great-for-vietnam-2654549

India’s trade policy is working great — for Vietnam

Deccan Herald