What is the main purpose of maquiladoras entities? The answer is simple; to not pay taxes. While that does sound appealing, bear in mind that it is necessary to have the right plan and strategy in place in order to obtain this fiscal “paradise”. The government allows for maquiladoras as long as they accomplish everything
Lawyer Monthly magazine conducts an in-depth interview with our very own Adrienne Braumiller on International Trade. Lawyer Monthly: What is your take on the current status of international trade? Adrienne: International trade continues to grow in spite of any recessions and economic downturns. Companies are continually seeking new markets or sources of supply and labor. Trade
A meeting of the minds at the recent Braumiller Law Group retreat in Dallas, TX. Some well laid plans with good things to come!! Meet the team: Front Row (L to R): Bob Brewer, Christos Linardakis, Gustavo Gottfried, George Tuttle III, Adrienne Braumiller. Brenda Cordova, Jennifer Horvath, Bruce Leeds, Pete Peterson Back
By: Brenda Cordova, Mexico Attorney Introduction Currently, there are over 6000 entities participating in the IMMEX program operating in Mexico. IMMEX (Industria Manufacturera, Maquiladora y de Servicios de Exportacion, formerly known as maquiladoras and/or PITEX) plays an important role in the Mexican economy, and therefore, the government promotes this program to foreign investors which provides several
I came across an interesting statistic the other day published by the U.S. Census Bureau: in 2014, related-party imports accounted for about 50.9 percent (($1,178.7 billion) of all imports for consumption. With 50 percent of imports being made between related parties, we can begin to see why related-party valuation is such an important topic for
What is the value of your no license required shipment? Is it important? Of course it is!! The buyer needs to know in order to plan for the duties, the insurance company needs the value in order to properly insure the shipment, and the USPPI uses the information to make sure that the goods are
By: Bruce Leeds, Senior Counsel January 16, 2016 was Implementation Day for reduced international sanctions with Iran. Now you can freely carry on trade with Iran – right? Well….you can import pistachios and carpets, but beyond that most of the sanctions are still in place. What happened on Jan. 16 is that many of the
By: Adrienne Braumiller, Founding Partner The 2015 Fiscal year ended on Sept. 30, 2015, and for the fourth consecutive year, the Department of Justice (DOJ) has exceeded $3.5 billion in cases under the False claims Act (FCA). Since 2009, to the end of the most recent fiscal year, settlements under the FCA have brought total
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