The U.S. Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act, ruling that the President lacked authority to impose 25% tariffs on Mexico and Canada and 10% tariffs on China and other partners. The decision remanded the case and left importers without a remedy, prompting the administration to announce a new worldwide tariff under the Trade Act of 1974. Importers must seek refunds through Customs and the U.S. Court of International Trade.
The Court struck down 25% tariffs on Mexico and Canada, 10% tariffs on China, and 10% tariffs (some higher) on other trading partners imposed under IEEPA.
The decision did not address refunds; importers must pursue refund claims with Customs and Border Protection or the U.S. Court of International Trade.
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CCBJ · 13 days ago
The article discusses how AI is transforming tax compliance, moving from insight to execution in regulated workflows. It highlights the scale of U.S. sales and use tax obligations across 19,000 jurisdictions and the potential for AI to cut routine reporting work by up to 65%. The piece emphasizes that tax professionals will retain final accountability while focusing on advisory roles.
Thomson Reuters · 21 days ago
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Avalara · about 1 month ago
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Sales Tax Institute · about 1 month ago
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