New Ulm, MN — The ATA continues to teach trade professionals, interact with companions and Congress, and work on behalf of its members to struggle Federal Excise Tax Slippage, a problem affecting the archery trade, the complete conservation neighborhood, and particular person producers, sellers and shoppers.
In brief, tens of millions of federal excise tax {dollars} are misplaced yearly by on-line marketplaces, the place non-U.S. corporations promote merchandise direct to U.S. shoppers. These transactions put American archery producers at an 11% tax drawback and harm state wildlife companies that depend on FET {dollars} to conduct vital habitat restoration, hunter schooling, wildlife analysis and different conservation initiatives. To be taught extra about FET Slippage, click on right here.
Dan Forster, ATA’s vp and chief conservation officer, is actively engaged on Capitol Hill to create laws that combats FET Slippage. He additionally not too long ago shared FET Slippage updates on two ATA-partner platforms to teach the general public:
Aug. 19 Searching Wire Characteristic Article: Forster co-authored an academic article that overviewed the FET assortment course of defined within the Wildlife Restoration Act and recognized the place excise taxes are “slipping” by the cracks. The piece additionally explains the Authorities Accountability Workplace’s advice for repairing FET Slippage, which is to alter the legislation so U.S. on-line marketplaces are accountable for paying excise taxes, leading to a repaired tax system.
Sept. 4 Nationwide Deer Affiliation “Espresso & Deer” Podcast: Forster launched himself and shared details about FET Slippage, additional discussing the issue, trade impacts and neighborhood help. He additionally overviewed the evolution of congressional engagement, the latest Authorities Accountability Workplace Report and legislative efforts shifting ahead.
FET Slippage stays a prime precedence. The ATA won’t put this difficulty to relaxation till Congress closes the loophole within the FET system. Keep tuned for updates within the coming months.
Questions? Please contact Dan Forster, ATA’s vp and chief conservation officer, at (507) 233-8143 or danforster@archerytrade.org.
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