Whether you’re the CEO of a manufacturing firm struggling to gain access to the materials needed for your production process or a consumer unable to find that new car you’ve been planning to buy — or both — you’ve likely seen the effects of the chip shortage firsthand. As we enter the holiday season with […]
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Salt Deduction Cap On October 5, 2021, the United States Court of Appeals for the 2nd Circuit affirmed a New York federal district court and rejected four states’ constitutional challenges to the $10,000 limitation on the federal income tax deduction for state and local taxes paid by individuals. This was enacted as part of the […]
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In a major disappointment for importers of goods from China who were hoping that the Biden administration would change the course of Trump’s U.S. trade policy with China, United States Trade Representative (USTR) Katherine Tai indicated on October 4, 2021 that the Section 301 ad valorem tariffs of 25% and 7.5% (depending on each item’s […]
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