Tax Incentives Help Firms Harness Cost Reduction Opportunities

With the dynamic market and competitive business landscape, many trade and tax professionals are examining the federal regulatory framework to identify incentives, credits and customs duty management programs that may be leveraged to help companies compete more effectively in their US manufacturing and distribution operations. Depending on the type of operation the company has or is developing in the United States, companies may achieve cost savings measures through the use of the Inflation Reduction Act, CHIPS Act and / or Free Trade Zone program, as long as the eligibility and regulatory compliance requirements are met. Importantly, because these opportunities are ...