DRC Presents Part II - Tariff Recovery: Finding Cash Now
As the economy slows and liquidity is prioritized, companies are turning to the reclaiming of tariffs to help offset the cash impacts of COVID-19. U.S. importers paid 78% more in duties in 2019 than the previous year, yet a vast amount of duty payments are recoverable but not pursued. Accelerating recovery of customs duty and implementing savings strategies is a top priority for C-level executives during this economic downturn.
During this webcast, leaders from KPMG LLP’s Trade & Customs practice will discuss optimizing the use of numerous tariff recovery and planning strategies. This session will cover:
- Developing various strategies that should be incorporated into their businesses and trade functions
- How to accelerate recovery of up to five years of customs duties paid, within 90 days
- Leveraging your competition’s approved tariff exclusions to recover over year and a half of certain tariffs paid
- Immediate actions companies should considering to avoid the risk of losing the recoveries
George Zaharatos, Principal, Trade & Customs, KPMG
Dawn Olesky, National Drawback Lead, KPMG
Who should register: Anyone concerned with the potential impact of trade and tariffs on their customers and supply chains, their stakeholders or their bottom line, including CEOs, CFOs, controllers, group presidents, and trade, tax, and legal executives.