The IRS on Thursday asked for public comments on how the agency could make it easier for taxpayers with a small interest in a partnership to comply with the US’s foreign currency gain and loss rules.

They blame a once-obscure trade provision, called de minimis, which has been thrust into the spotlight in recent months.

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“While we have evaluated all options to best position the Company for the future, we have been unable to find a sustainable path forward, given competition from foreign fast fashion companies, which ...

This award funds a research project to study the aggregate and distributional implications of de minimis trade policies and of direct international shipments to consumers. De minimis imports refer to ...

A US coalition claims the de minimis rule is being manipulated by corporations and retailers to import counterfeit apparel and other goods into the US duty-free. Credit: zmotions/Shutterstock. The ...

Shein and Temu benefit from Trump's pause on ending the de minimis exemption — for now. The de minimis exemption allows duty-free imports under $800. Meanwhile, many companies that source their ...

The de minimis exemption will temporarily remain in place for products from China, Canada and Mexico even as U.S. tariffs on imports from those countries went into effect. The exemption ...

Sánchez’s legislation would close the loophole on shipments from all countries, noted Pat Cunnane, an industry veteran who has long lobbied for de minimis reform. “This is a clean, clear bill that ...

He also ended the “de minimis” loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years.

The de minimis exemption will temporarily remain in place for products from Canada and Mexico even when U.S. tariffs on those countries take effect Tuesday. The exemption, which allows U.S ...