According to Lummis, the remedy for this is to end this unfair tax policy and make sure the US becomes the leading power in ...

New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

The Ohio Republican's "Time is Money Act" would reduce the amount of delay required for a refund from 3 to 2 hours for ...

Passport reports 94% of e-commerce leaders view in-country enablement as essential for profitability and resilience in global ...

On a typical day in 2024, Customs and Border Patrol: $9.2 billion worth of imported products $241 million in duties, taxes ...

During a meeting of the WTO's agriculture committee, India underscored the urgency of long-pending mandates: addressing ...

Elkins City Council has approved the first reading of an ordinance that would incorporate a “de minimis” exemption for certain small businesses and independent contractors, a change now required by ...

The “de minimis” entry process has allowed goods under $800 to bypass tariffs and undergo a simplified entry procedure. However, the increase in such shipments has overwhelmed Customs and Border ...

The de minimis exemption has been around since 1930, ... Congress raised the threshold in 2016 from $200, and the number of packages has exploded. It was 660 million in 2021.

De minimis — a legal term referring to matters of little importance, which describes the US waiver of standard customs procedures and tariffs — was one of the most generous exemptions in the world: ...

The de minimis exemption, for items valued at up to $800 and sent from China via postal services, were previously able to enter the United States duty free and with minimal inspections.

It means those importing packages from China via postal services that fall below the de minimis threshold of $800 in value will face a lower tariff, offering some relief to Chinese e-commerce ...