Executive Briefings

Could Your Import Duties Be Lower?

Import duties are the unloved stepchild of the tax department at smaller companies. In short, there's a lack of appreciation for the amount of tax planning small and mid-sized businesses can do with respect to import duties. As a result, companies are missing "significant opportunities" to lower their cost of doing business, says Mark Neville, an international trade and customs attorney with Smith, Gambrell & Russell.
Source: CFO

Import duties are the unloved stepchild of the tax department at smaller companies. In short, there's a lack of appreciation for the amount of tax planning small and mid-sized businesses can do with respect to import duties. As a result, companies are missing "significant opportunities" to lower their cost of doing business, says Mark Neville, an international trade and customs attorney with Smith, Gambrell & Russell.
Source: CFO