People are surprised to learn that I was the author of a bill proposing one of the most significant tax cuts ever proposed in Congress in the 1980s. Well, perhaps not in the way you might imagine. Here’s how it actually happened. I introduced a proposal of entirely minor importance, under the reference HR 5829: […]
During my time as a member of Congress, a curious phenomenon occurred several times a year. I would receive visits from a group of finance professionals who came to ask me to make some minor changes to legislation regarding their activities. What was strange about the matter was not that they were trying to pressure […]
Given the media spectacle of the bickering and gridlock that tear apart Congress, many Americans must wonder what drives people to work in this mess. This question is not new. “We can easily understand the reasons why a man goes to the poorhouse or to prison,” noted a 19th-century observer of Institution. “It’s because he […]
Make a joke about politicians squabbling in Washington and about the Congress for which “it is urgent to do nothing,” and you can be sure to get laughs and approval from the audience. These criticisms are as old as the republic itself and always have the same success. Harry Truman’s denunciation in 1948 of Congress’s […]
Customs evaluation of goods cannot be done without taking into account the provisions of the sales contract, hence the importance for customs and the declarant to master the Incoterms (International Commercial Terms). SECTION 1: GENERALITIES Incoterms come in various types. Only a good understanding of the rules will optimize the customs value. Paragraph 1: Definition […]
As we have seen above, the customs declaration includes several mentions. Among all these elements, there are three (03) that are essential for proper taxation of the goods. They are: the tariff classification, the origin, and the customs value. These elements are considered essential because they not only constitute the basis for taxation but also […]
The customs declaration is the act (made in the form prescribed by customs), whereby the importer or exporter indicates the customs regime to be assigned to the goods and communicates the elements required by customs for the application of this regime. SECTION 1: THE SINGLE ADMINISTRATIVE DOCUMENT (SAD) AND PERSONS AUTHORIZED TO COMPLETE IT The […]
The customs code prescribes obligations for the taxpayer, the non-compliance of which constitutes offenses. These obligations are the same for most customs regimes, whether they are simple suspensive regimes or specific to import or export. SECTION 1: BEFORE AND UPON ARRIVAL OF GOODS The taxpayer’s obligations begin as soon as the merchandise is on its […]
In “The theory of economic integration” (1961), the Hungarian economist Béla Balassa established five different forms or stages of the regional integration process, depending on whether it is more or less advanced. These are: the free trade area, the customs union, the common market, the economic union, and the economic and monetary union. 1- The […]
The God’s love is authentic love and the Christian is called to manifest it. “Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not […]
