Industry News

Earlier this month, Tupperware Brands revealed its decision to shutter its last remaining U.S. manufacturing plant inHemingway, South Carolina, and shift production to Mexico. This move, which will result in the loss of approximately 148 jobs,has raised concerns about the increasing trend of U.S. manufacturers relocating operations to Mexico. Tupperware cited a"multi-year strategy to simplify its supply chain" as the reason for this decision, with plans to transition manufacturing to itsexisting plant in Lerma, Mexico. Why Tupperware and Others are Choosing MexicoTupperware's decision reflects a growing trend among U.S. manufacturers to relocate to Mexico for various reasons, including: … [Read more...] about July 2024 – Tupperware Brands Leaving USA for Mexico: A Growing Trend in Manufacturing Relocation

This question arises several times a month: When buying used or new equipment, should sales tax be added? The answer is, "it depends." It depends on the type of machine or equipment and the state in which you are purchasing. Ideally, the purchase of manufacturing machines should be exempt from sales taxes to prevent tax pyramiding. This phenomenon occurs when taxes are applied multiple times throughout the production cycle. For example, you pay sales tax on the machine that makes a widget, which is then sold in stores or to a plant that also has a sales tax on items incorporating that widget. When states tax machinery, they create a system resembling a gross receipts tax, which is considered one of the most economically detrimental forms of taxation. The good news is that most states have wisely chosen to exempt both used and … [Read more...] about Does Your State Tax Manufacturing Machinery?