It’s approaching the Christmas season and there are huge impacts for imports from Asia on the West Coast. We are once again hearing the stories that truck workers in ports of Los Angeles (L.A.) and Long Beach strike. And now the Teamsters are getting sued for allegedly conspiring against the
Officially, it’s called Cai Shui no.37 (Circular 37) “Tax Policy Regarding Nationwide Implementation of VAT Pilot Program on Transportation and Modern Services Sectors”. What it means is a new China VAT for transportation amounting to 6% on all freight and some services related to freight.
Starting 1 August 2013, China