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| msus...[at]gmail.com wrote: - quote - > This question is partly about import duties, if anyone has a
Well I can comment from a tax perspective. If you are> suggestion for a better group to post this, thanks in > advance. > This came up during a lunch discussion (politics) among > friends, I hope someone here can clarify some points. > When I buy a product in the US of which label says made in > <foreign country> , then import tax had to be paid on it, > correct? Someone suggested that if the US company opened a > factory abroad and brought the product back that would be > treated differently for tax and import purposes than if it > simply imported said product from a foreign business entity > producing the product abroad. importing from a related company yoj might have transfer pricing concerns. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| This question is partly about import duties, if anyone has a suggestion for a better group to post this, thanks in advance. This came up during a lunch discussion (politics) among friends, I hope someone here can clarify some points. When I buy a product in the US of which label says made in <foreign country> , then import tax had to be paid on it, correct? Someone suggested that if the US company opened a factory abroad and brought the product back that would be treated differently for tax and import purposes than if it simply imported said product from a foreign business entity producing the product abroad. Thanks. Matyas << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| business, foreign, operations, tax |
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