News
Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies
17+ hour, 23+ min ago (880+ words) Nike Inc. and Levi Strauss & Co. are among companies grappling with how to record refunds on the Trump administration's tariffs in their financial reports while uncertainty related to the payments persists. C-suite leaders will have to justify their financial reporting…...
Netflix Seeks $3 Million in Fees From Finnish Inventor, Lawyer
1+ week, 2+ day ago (90+ words) Bloomberg Law News Netflix Inc. is seeking $3 million in attorneys" fees from Finnish businessman Lauri Valjakka and his patent lawyer, Bill Ramey, saying they both knew Valjakka didn"t own a patent asserted in infringement suits against the streamer and…...
Most Tariff Refunds Facing Denial If Importers Don't Opt In (1)
2+ week, 2+ hour ago (448+ words) The vast majority of importers who paid $166 billion in tariffs that were overturned by the US Supreme Court risk not getting refunds because they haven't signed up for electronic payment, the Trump administration told a judge. Customs and Border Protection…...
Higher Tariff Enforcement Looms in Tandem With Refund Launch
2+ week, 6+ day ago (98+ words) Bloomberg Law News Trade lawyers are warning importers to brace for increased scrutiny from Customs as the agency prepares to process billions in tariff refunds. About $166 billion has been collected under the tariffs that the Supreme Court struck down Feb....
Fed Ex, Costco, UPS Are Main Targets for Consumer Tariff Refunds
1+ mon, 4+ day ago (936+ words) A recent wave of consumer-driven litigation seeking to recoup tariff-related fees from companies like Fed Ex Corp. , United Parcel Service Inc. , and Costco Wholesale Corp. appears to turn on whether those businesses separately billed customers for such costs. The consumers…...
Missing Installment Deal Documents Stymie Government's Tax Lien
1+ mon, 3+ week ago (120+ words) Bloomberg Law News The US government can't foreclose on a tax lien on a taxpayer's home because of outstanding questions and the lack of key documentation related to an installment agreement he said was wrongly terminated, a federal judge in…...
Tariff Court Order Raises Importers" Refund Hopes for Now
1+ mon, 3+ week ago (665+ words) Trade lawyers are telling clients to be prepared to fight for tariff refunds, even after a federal trade court ordered US Customs and Border Protection to automatically pay back importers. The US Court of International Trade Wednesday put the burden…...
Importers Ask Court to Enforce Trump's Tariff Loss, Get Refunds
2+ mon, 5+ day ago (282+ words) A group of small businesses that successfully challenged President Donald Trump's global tariffs before the US Supreme Court have asked lower courts to reopen the legal proceedings so that they can begin the process of seeking refunds from the government....
Trump Faces Tough Legal Landscape to Oppose Tariff Refunds (1)
2+ mon, 6+ day ago (861+ words) The Trump administration is likely to face legal obstacles if it argues against refunds for the tariffs struck down by the US Supreme Court " thanks to statements by Justice Department lawyers. In a 6-3 decision last week, the justices declared President…...