Taxes
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Asia-Pacific
Declared undervalue on commercial vehicles triggers huge cash demands from Customs authorities
Declaring an undervalue on imported watercraft has triggered demands for millions of dollars in duty from the authorities. Experts say customs authorities will, in future,…
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Chart of the Week
July diesel tax increase squeezes small carriers in the Midwest
Diesel prices jumped in the Midwest this month due to a significant tax increase. Small carriers will have to adjust to keep costs down and…
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Economics
Analysis: Why New York’s Amazon bungle is a big win for Freight Alley
There were only ever two good reasons for Amazon to build a headquarters in greater New York City.
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Economics
New coalition seeks repeal of federal excise tax on heavy trucks and trailers
New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new…
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News
Apple lowers revenue expectations as China’s market slows
Among news of poor performance in the Chinese economy, one of the most distressing signals for foreign retailers and manufacturers is Apple’s announcement on Wednesday…
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Driver issues
Technology is proving viability of mileage-based user fee systems
A mileage-based user fee pilot program using Azuga technology is helping to prove the viability of mileage-based vehicle taxes.
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Equipment
Bill to repeal federal excise tax on new trucks, trailers introduced
There is now a bill in both the House and Senate that would repeal the 12% excise tax on new trucks and trailers.
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Cash Flow Corner
At the nexus of trucking and taxes
Cashflow Corner presented by TriumphPay ...Nexus is when a trucking company owes taxes in multiple states, but many companies are not aware of when this…
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Economics
Today’s Pickup: Missouri Rep. Sam Graves pushes vehicle mile tax
Rep. Sam Graves (R-MO) is pushing a vehicle miles tax in Washington as the solution to funding road and infrastructure improvements rather than raising fuel…
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Cash Flow Corner
The tax tip list for truckers as April 15 nears
Cashflow Corner presented by TriumphPay ...There is no shortage of deductions that truckers can take. You just need to know where they are.
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