Tariffs can increase the cost basis of goods, which affects the taxable value for state and local sales and use taxes, potentially leading to increased tax liabilities for businesses.

Authors

• Person: Not available Organization: CLA
  The Impact of Trump's Tariffs: A Comprehensive Analysis

Sources

• The Impact of Trump's Tariffs: A Comprehensive Analysis www.claconnect.com CLA via serper

Referenced by nodes (3)

• tariff concept
• tax liability concept
• cost basis concept