First, let’s explore tax-free employer presents. These gifts are generally not taxed if they are deemed “de minimis,” which means: Low in cost (like Christmas turkeys, books, candles ...

Few of the factory owners in this ramshackle part of Guangzhou in southern China have any idea what the “de minimis exemption ... ending the long-standing tax exemption for small parcels.

The Biden-Harris administration announced Friday that it is taking action to limit the number of imports eligible for the de minimis exception ... including duties and taxes, inspections, and ...

Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on Chinese goods. The nearly century-old exception, known as de minimis, has been used by many ...