Editor’s note: CPA has endorsed the EQUITABLE Act discussed by Senator Rubio in this op-ed. A new bill would ensure that U.S.-listed companies comply with American financial reporting rules. [Marco Rubio | June 4, 2019 | WSJ] Two decades after its accession to the World Trade Organization, China still uses its intertwined public and private…
By Steven L. Byers, PhD, CPA Senior Economist The US international trade deficit in goods and services for April 2019 declined slightly to $50.8 billion, down $1.1 billion from $51.9 billion (revised) in March. US goods exports fell $4.4 billion, and services declined by $185 million. US goods imports declined $5.4 billion, and services fell…
Editor’s note: China will increasingly be carved out of global supply chains. Apple, already grappling with lacklustre response to its latest iPhone line-up, can ill-afford a sharp hike in import taxes [Debby Wu of Bloomberg News | December 18, 2018 |Financial Post] Apple Inc.’s suppliers will consider shifting iPhone production away from China should tariffs…
By David Morse, Tax Policy Associate Director Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many multinational enterprises (MNE). The Organization for Economic Cooperation…
