Fair trade, risk mitigation, and the role of tax

Tax Podcast: Fair trade, risk mitigation, and the role of tax

As the US government ramps up regulations around forced labor, US companies need to be hyper vigilant of their supply chains or risk potential forced labor allegations. In this latest episode, Deloitte Tax leader and specialist in global trade, Kristine Dozier, explains how US companies can face serious reputational and legal risks if they don’t prevent forced labor goods from entering their global supply chains. Kristine offers insight into fair trade laws, how they are enforced in the US, the role of global trade and tax departments, and even how they can leverage technology to reduce potential risk of forced labor allegations:

We’re seeing companies approach the issue of forced labor from a risk reduction perspective to avoid supply chain disruption and brand degradation and are creating corporate management risk mitigation plans that involve trade and tax.
                                                                                                            —Kristine Dozier

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