83(b) Election
Firm & News

83(b) Election

On November 7th, 2024, the Internal Revenue Service (IRS) introduced Form 15620 for Section 83(b) elections. This is the first time the IRS has provided a standardized form for making an 83(b) election.

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Customs Engineering - Understanding Import Duty Obligations in the U.S.
Firm & News

Customs Engineering - Understanding Import Duty Obligations in the U.S.

As the world's largest import nation with an annual import volume of 3.2 trillion USD (2022), the U.S. is indispensable as import market for international businesses. With the Presidential Election uprising, the country’s import policies come under the media’s spotlight once more, with Donald Trump promising huge tax cuts financed by levitation of higher import tariffs in general, and with particularly higher tariffs on imports from China.

International and importing businesses require a fundamental and up to date understanding of the U.S. Customs Duty system to navigate the ever changing landscape of Customs tariffs and ideally find ways to minimize their own import costs by exploiting existing regulation.

The following article provides international and U.S. inbound businesses an overview of the tariff system and Customs regulations. It cannot provide an individual assessment nor legal advice for any particular request. We hope, nonetheless, to kick start your journey to create Customs efficiencies.

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U.S. Supreme Court’s Rejection of Appeals in Epic v. Apple
Propriété Intellectuelle

U.S. Supreme Court’s Rejection of Appeals in Epic v. Apple

On January 16, 2024, the U.S. Supreme Court refused to consider appeals from both Apple and Epic Games (See Reuters: US Supreme Court snubs Apple-Epic Games legal battle).

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