taxes

Texas dealer must pay $1.9M in taxes on Chinese-made tires, court rules

A Houston-based trucking wholesaler and retailer is responsible for $1.93 million in excise taxes for tires it bought from Chinese manufacturers in order to resell them in the U.S., the U.S. Court of Appeals for the 5th Circuit ruled.

The 5th Circuit’s opinion Monday reversed a district court ruling in September that Texas Truck Parts & Tire Inc. wasn’t responsible for the excise taxes on the tires it purchased because customs forms showed that the Chinese companies imported the tires, according...

https://www.freightwaves.com/news/texas-dealer-must-pay-1-9m-in-taxes-on-chinese-made-tires-court-rules

Are you prepared for the HVUT/2290 filing deadline?

Filing the appropriate taxes on your vehicles is key to keeping your fleet in compliance and on the road working for you. One of those taxes is the federal heavy vehicle use tax (HVUT). 

The new HVUT tax year began on July 1, and taxes for 2023–2024 are due by Aug. 31.

“Since states may deny vehicle registration or renewal without proof that you paid this tax, it’s important to stay current with changing regulations, understand the required forms and filings, and file on time to keep your trucks...

https://www.freightwaves.com/news/are-you-prepared-for-the-hvut2290-filing-deadline

Daily Infographic: State tax rates for retail gasoline and diesel increased in 13 states in 2023

#kt-adv-heading_8a2959-17, #kt-adv-heading_8a2959-17 .wp-block-kadence-advancedheading {font-size:24px;}

To view more FreightWaves infographics, click here

The post Daily Infographic: State tax rates for retail gasoline and diesel increased in 13 states in 2023 appeared first on FreightWaves.

https://www.freightwaves.com/news/daily-infographic-state-tax-rates-for-retail-gasoline-and-diesel-increased-in-13-states-in-2023

The secret to global e-commerce success is making it local

Richard Branson, founder of the Virgin Group, once said that “a big business starts small.” In 1970, Branson opened a mail-order record business that eventually became Virgin Records. Many businesses followed and the Virgin Group now controls over 400 different companies.

What Branson didn’t have at his disposal in the 1970s was the e-commerce ecosystem that exists in 2021. That ecosystem allows nearly any business – regardless of size – to reach a global customer base, almost instantaneously.

“Wh...

https://www.freightwaves.com/news/the-secret-to-global-e-commerce-success-is-making-it-local

Commentary: How the federal excise tax is shaping American transportation in 2020

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

History

2020 will be memorable for many reasons. One of the most notable events to occur this year is the COVID-19 pandemic and how decision-makers are referencing the Spanish flu from a century ago. Just over 100 years ago, the world was not only at war with a disease but also with each other. World War I was raging, and with its small military, the United States...

https://www.freightwaves.com/news/commentary-how-the-federal-excise-tax-is-shaping-american-transportation-in-2020

+ More