US fines companies exporting goods via Chinese SEZ in Cambodia

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US fines companies exporting goods via Chinese SEZ in Cambodia

Post by CEOCambodiaNews » Thu Jun 20, 2019 5:23 pm

US fines companies exporting goods via Cambodia to dodge Trump’s trade war tariffs on China
The companies were located in a Chinese-owned special economic zone in Cambodia, said a US embassy official.
China is Cambodia’s biggest aid donor and investor, pouring in billions of dollars in development assistance and loans through the Belt and Road Initiative

By South China Morning Post -
June 20, 2019
The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump’s tariffs on Chinese imports, a US embassy official said on Wednesday.

“The Department of Homeland Security has inspected and fined a number of companies for evading tariffs in the United States by routing goods through Cambodia,” US embassy spokesman Arend Zwartjes said in an emailed statement.

“These companies are located in Cambodia’s Sihanoukville Special Economic Zone,” said Zwartjes, who did not name or say how many companies had been fined for avoiding the tariffs, how large the fines were, or what goods the companies had been exporting.

In full: https://www.scmp.com/news/asia/southeas ... dge-trumps
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Re: US fines companies exporting goods via Chinese SEZ in Cambodia

Post by Barang chgout » Fri Jun 21, 2019 7:55 am

But Amazon pay no tax....

Sent from my SM-G570Y using Tapatalk

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Re: US fines companies exporting goods via Chinese SEZ in Cambodia

Post by CEOCambodiaNews » Sat Jun 22, 2019 4:45 pm

China-owned SEZ in Cambodia denies transhipping to evade U.S. tariffs
By Reuters - June 22, 2019
Phnom Penh – A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump’s tariffs on Chinese imports.

US Embassy spokesman Arend Zwartjes told Reuters in an emailed statement on Wednesday that the Department of Homeland Security had inspected and fined a number of companies inside the Sihanoukville Special Economic Zone (SSEZ) for transhipping goods through it to avoid the tariffs.The spokesman did not identify any companies or say how many had been fined for avoiding the tariffs, how large the fines were, or what goods the companies had been exporting.

In full: https://www.jpost.com/Breaking-News/Chi ... ffs-593229
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Re: US fines companies exporting goods via Chinese SEZ in Cambodia

Post by CEOCambodiaNews » Sun Jun 30, 2019 11:43 am

US urges Cambodia to help stop firms using special economic zone to evade China tariffs
American embassy in Phnom Penh says companies have been caught using the Sihanoukville Special Economic Zone to export goods that originated in China
Sarah Zheng
Published: 11:01am, 28 Jun, 2019
The US has urged the Cambodian government to help crack down on companies using a Chinese-backed special economic zone to evade US tariffs.

The US embassy in Phnom Penh said there had been two cases since 2017 where US officials found companies operating in the Sihanoukville Special Economic Zone (SEZ) – an industrial park funded and jointly run by Chinese investors – were shipping goods there to avoid US anti-dumping duties.

These products were found to have originated from China, and included glycine, a chemical compound used in food and pharmaceuticals, and steel pipe fittings.

Emily Zeeberg, an information officer at the US embassy, said the US would “aggressively pursue” allegations of duty evasion
, using legal tools such as criminal and civil penalties and other enforcement actions.

“In both cases, US officials conducted on-site inspections in the Sihanoukville SEZ and determined that, although being represented as Cambodian, the goods in question were of Chinese origin on importation into the United States,” she said in a statement on Friday.

“We call on Cambodian government authorities to look closely at governance and compliance issues at the Sihanoukville SEZ.”
https://www.scmp.com/news/china/diploma ... nomic-zone
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Re: US fines companies exporting goods via Chinese SEZ in Cambodia

Post by davegorman » Sun Jun 30, 2019 12:07 pm

Barang chgout wrote:
Fri Jun 21, 2019 7:55 am
But Amazon pay no tax....

Sent from my SM-G570Y using Tapatalk
That’s because they are simply utilising the US federal tax code to their advantage.
Plus Trump lowered their tax obligations.
And they legally don’t have to collect sales tax.

But they do employ nearly 700k who do pay tax and buy stuff and have mortgages etc.

Boycott Amazon!
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