Monthly Archives: April 2014

Waiting on a $468 Million Tax Day Refund

Tax day. For some that means refunds and others it means cutting a check to Uncle Sam. For GSP importers, it means another $1.8 million in higher import taxes (in addition to corporate taxes, income taxes on wages, etc.) because … Continue reading

Posted in California, GSP, Minnesota, New York, Ohio, Oregon, Texas | Leave a comment

GSP Expiration Cost American Companies $48 Million in February

According to new data released last week, American companies “claimed” GSP for about $1.45 billion worth of imported products in February. Typically, those products would not face import tariffs because of GSP, whereas those same products imported from a non-GSP … Continue reading

Posted in California, Delaware, Hawaii, Rhode Island | Leave a comment

NEW REPORT: The Real Impacts of GSP Expiration – How Higher Taxes and Lower Sales Hurt American Jobs and Investments

What happens when Congress allows GSP to expire? According to a new report published today by the Coalition for GSP, the combination of higher taxes and the resulting lost sales force companies to take a number of harmful actions, including … Continue reading

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No April’s Fools Joke: Failure to Renew GSP Has Cost American Companies Nearly $450 Million

Today marks exactly 8 months since Congress allow GSP to expire. Yet while Congress delays, American companies and workers suffer. From last August until the end of January 2014 (the latest data available), GSP expiration cost American importers $336 million … Continue reading

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