News & Analysis as of

U.S. Commerce Department Tax Planning

Amundsen Davis LLC

How to Implement a Foreign Trade Zone to Mitigate Tariffs

Amundsen Davis LLC on

Tariffs are increasingly becoming a critical issue for businesses large and small, driving up costs and creating new challenges across supply chains. Although addressing these challenges requires a strategic approach, one...more

Seward & Kissel LLP

Section 883 Tax Exemption for Cargo Shipping and Cruise Lines At Risk?

Seward & Kissel LLP on

Last week, speaking on Fox News, Commerce Secretary Howard Lutnick appeared to threaten the repeal of the exemption under Section 883 of the Internal Revenue Code for foreign corporations engaged in the international...more

Cozen O'Connor

The First Sale Doctrine: A Strategic Tool to Reduce Import Values & Lower Tariffs with U.S. Customs

Cozen O'Connor on

The first sale doctrine is an important principle in U.S. customs law that allows importers to use the price of the first sale in a series of transactions as the basis for calculating customs duties. This doctrine can be...more

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