Audience: Open industry. All apparel and footwear industry professionals, regardless of AAFA membership, are encouraged to participate.
Ensuring that related party transactions meet the U.S. Customs and Border Protection’s arm's length value requirements has always been a core compliance issue for many retailers. However, as we are now in an economic downturn, validating the customs value is even more important as initial import values may need to be adjusted downwards, putting the importer in a potential duty refund position.
Join KPMG's Trade & Customs professionals, Donald Hok, Elizabeth Shingler, and Pier Natta for a discussion around the rules governing customs arm's length pricing, measures to consider, and possible opportunities to help retailers during this period of economic uncertainty.
Attendees of this webinar will learn:
- Customs valuation requirements.
- How to perform a related party pricing analysis.
- Potential duty savings opportunities.
Elizabeth is a manager and the Knowledge Management Leader in KPMG's Trade & Customs practice. She has assisted clients with a wide variety of trade compliance issues, including valuation assessments, prior disclosure and audit support, and export compliance risk assessments.
Donald is a Senior Manager in KPMG's Washington National Tax practice focusing on trade and customs matters. He assists clients in the U.S. and abroad with a variety of international trade issues including compliance planning, complex customs valuation, duty savings, and export controls.
Pierfilippo M Natta
Pierfilippo is an Associate in KPMG's International Trade practice focusing on matters concerning trade and customs. He assists clients in a range of complex transactions, and facilitates the compliance of customs programs, such as free trade agreements, first sale for export, and duty drawback. Pierfilippo holds both UK and US law degrees specializing in international law.
Senior Vice President, Policy
Nate Herman oversees AAFA’s government relations department, managing the association’s lobbying, policy, and regulatory affairs activities. Nate leads AAFA’s corporate social responsibility (CSR) program, formulating and implementing CSR policy and representing AAFA and the industry on CSR issues before governments, NGOs, and other key stakeholders. In addition, Nate develops all apparel and footwear industry data and statistics as AAFA's resident economist. Prior to joining AAFA, Nate worked for six years at the U.S. Department of Commerce's International Trade Administration assisting U.S. firms in entering the global market. Nate spent the last two years as the Department's industry analyst for the footwear and travel goods industries. Nate received a Masters of Public and International Affairs from the University of Pittsburgh in 1994 and a Bachelor of Arts in International Relations and Economics from the University of Delaware in 1992.