British American Tobacco Accused of Costing Developing Countries $700 Million in Tax Funds Using Subsidiary

According to a report by the Guardian, British American Tobacco is being accused of attempting to evade over $700 million in taxes combined from Bangladesh, Indonesia, Kenya, Guyana, Brazil, Trinidad, and Tobago using a UK-based subsidiary to maneuver their profits. British American Tobacco (BAT), based in London, is the largest tobacco company in the world. The […]

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UK territories British Virgin Islands, Bermuda and Cayman are top three worst enablers of corporate tax avoidance causing financial damage

Forty percent of today’s cross-border direct investments reported by the IMF – $18 trillion in value – are being booked in just 10 countries that offer corporate tax rates of 3 percent or less. An independent international research organization, The Corporate Tax Haven Index, has published a report https://www.corporatetaxhavenindex.org/introduction/cthi-2019-results, which was named the United Kingdom and […]

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Chinese companies shift production to Vietnam, Thailand, Malaysia, Serbia and Mexico to evade new import Tariffs

A growing number of Chinese companies are finding ways to evade President Donald Trump’s tariffs: remove the “Made in China” label by shifting manufacturing from China to countries such as Vietnam, Serbia, and Mexico. Chinese factories are moving abroad to skirt higher customs taxes on their exports to the United States and elsewhere, according to […]

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Trade War with China causes U.S. Companies to Import their Goods from Other Countries Including Vietnam, Taiwan, South Korea, and Mexico

According to a report released earlier this month, U.S. companies are increasingly shifting imports from China to countries like Vietnam, South Korea, Mexico, and Taiwan, in an effort to avoid the high tariffs imposed on Chinese purchases during the current trade war. With the current trade war waged on China, President Donald Trump has imposed […]

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Cybersecurity company Fortinet settles DOJ case over sale of Chinese network security devices to U.S. military disguised as American made

Security vendor Fortinet has agreed to pay the equivalent of $545,000 to settle allegations it illegally sold the U.S. military Chinese technology disguised as American-made equipment, the U.S. Department of Justice announced. The Sunnyvale, California-based cybersecurity company agreed to pay the government $400,000and provide the U.S. Marine Corps with equipment valued at $145,000 to resolve charges […]

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U.S. Customs and Border Protection increases actions on China’s evasion of our duties and antidumping laws including hardwood plywood

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 CBP’s twitter feed mentioned […]

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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 that applied to […]

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