[ad_1]
The automobile multinational Ford has factories all over the world. Globalization has allowed it to diversify its production abroad, channeling it in different countries. However, when entering these products in the United States, the payment of fees is an expense that every company seeks to avoid as much as possible. Ford is no exception, and as has been recently known, it has engineered anti-tariff engineering to save millions of dollars over the past 16 years. How did he do it and how much did he win?
The company uses an ingenious method that allows it to avoid paying a significant portion of the customs tax for vehicles that it manufactures in other parts of the world. It's a trick with which he manages to reduce the rate from 25% to 2.5%, which translates into millions of extra dollars and a significant loss for the local treasure.
Although the company is of American origin, it manufactures its truck Transit Connect in Spain . Year after year, the European market transports thousands of visitors to North America, which, according to national regulations, should pay a 25% tax created 55 years ago.
to change its name. That is, they add seats and rear windows in order to bring them into the United States as a "pbadenger vehicle". These are subject to a tax of only 2.5%, 10 times less than what they should pay officially.
Moreover, after pbading the customs, the vehicles resume their original status. According to the BBC, the estimated time of modification takes about two and a half hours. This has saved US $ 250 million since the start of truck manufacturing in 2002, reports the US Customs and Border Protection Service.
Source link
