As we are entering an economic downturn, the improvement of liquidity and cash flow is a top of mind matter for companies. U.S. importers paid 78% more in duties in 2019 than the previous year, yet a vast amount of those duty payments are recoverable but are not pursued.
During this webcast, leaders from KPMG LLP’s Trade & Customs and Transfer Pricing practices will discuss how collaboration between transfer pricing and customs can turn challenge into opportunity and help enhance liquidity and cash-flow savings. This session will cover:
- How multinationals are currently adjusting intercompany pricing to remain compliant with existing tax policies and the various strategies that should be incorporated into their businesses/trade functions to steer towards cash recovery planning.
- Results of KPMG’s benchmarking survey that included responses from over 110 companies.
- Leading practices: re-examining the recovery of duties and tariffs, deferring, reducing and potentially eliminating the payment of duties and punitive tariffs in the short and long-term.
KPMG professionals will discuss lessons learned from recent duty recovery efforts and program implementations, as well as the steps organizations can take to potentially increase their cost savings to achieve efficiency and effectiveness.
This Webcast will be of interest to trade compliance professionals, finance & tax professionals, transfer pricing professionals and legal departments.