Norris McLaughlin & Marcus, P.A.

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Apr 25, 2014

REWIND: International Business News #93

In this week’s REWIND of international business law news, a New York judge resuscitates a colonial law to allow a lawsuit against U.S. companies for doing business with the South African apartheid regime, India braces for a potential United States downgrade of its intellectual property rights classification, and New York authorities poise to charge area car dealerships in a scheme to export luxury cars to China.» Read More

Feb 27, 2014

Go Global or Go Home: U.S. Businesses Weigh Benefits and Risks in Exporting

Businesses with fewer than 500 employees accounted for 294,589 of 301,238 U.S. exporters in 2012, or about 97%, according to preliminary data released by the U.S. Census Bureau in December.

— Rhonda Colvin, “The Cost of Expanding Overseas: As More Small Businesses Sell Goods Abroad, They Encounter Challenges—Like Getting Paid,” The Wall Street Journal, February 26, 2014

According to a survey of small businesses by the National Small Business Association and the Small Business Exporters Association in 2013, 41% of respondents said the largest challenge to selling goods and services to foreign customers was concern about securing payment from clients,  up significantly from only 26% in 2010.» Read More

Mar 12, 2013

EU Recession Worse or Economy Better – Which One Will It Be?

Last Friday, Fitch, one of the three leading credit agencies in the EU, further downgraded Italy’s credit rating to BBB+. It based its downgrade on the aftermath of Italy’s recent elections, noting that Italy is “without clear leadership” as coalitions strive to build a coalition government. Fitch does not expect such a coalition building to occur any time soon. Fitch targets Italy’s economy to shrink 1.8% in 2013, following a 2.6% contraction last year.» Read More

Oct 18, 2011

IN THE NEWS: GE Co-CEO Immelt Says Try Harder

Reuters reports: Jeff Immelt, co-CEO of the largest U.S. conglomerate GE and a top adviser to the Obama administration on jobs and the economy, says the U.S. is not trying hard enough to boost exports, which is contributing to the poor economy and high unemployment. He thinks if U.S. companies focus on exporting more goods, making the effort “to compete, educate and sell our products around the world,” the U.S.» Read More

Jul 15, 2011

Are IC DISC Tax Breaks for U.S. Exporters on the Chopping Block?

Will the Interest Charge Domestic International Sales Corporation (IC DISC) survive the budget and debt ceiling negotiations in Washington?  Notwithstanding that both Congress and President Obama agree that a strong manufacturing and export base is important to U.S. economic recovery, will the Internal Revenue Code (IRC) be amended to cut back or eliminate the benefits of the IC DISC as part of the budget/debt ceiling negotiations in Washington?» Read More

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