Global Business Solutions (GBS) by Dennis R. Chrisbaum U.S. Global Business Solutions is an interagency initiative to expand the reach of federal export assistance and add 50,000 small businesses to the nation’s exporter base by 2017. The pilot program will also aim at expanding the
Foreign Trade Zones by Liz Whiteman Foreign Trade Zones are specially licensed commercial and industrial areas in or near ports of entry where foreign and domestic goods, including raw materials, components, and finished goods, may be brought in without being subject to payment of cus
Companies that engage in the acts of making/creating something new or vastly improved (products and/or production processes) may be entitled to substantial Tax Credits. Companies that typically qualify are engaged in some aspects of manufacturing, high-tech, software-development, chem
The Interest Charge—Domestic International Sales Corporation (IC-DISC) is a federal program that allows U.S. exporters to convert half of their foreign trade income to a taxable rate of only 15%. This incentive allows commission to be fully deductible, pay no federal income tax, and i
A routed export transaction is a transaction in which the FPPI authorizes a U.S. agent to facilitate export of items from the United States on its behalf and prepare and file the EEI as defined by 15 CFR Part 30.3.
A Carnet or ATA Carnet (pronounced kar-nay) is an international customs and export-import document. It is used to clear customs without paying duties and import taxes on merchandise that will be re-exported within 12 months.