Chart: The Fed Is Moving Historically Fast to Tame Inflation | Statista

Interest Rates were historically low. However, since March the Fed has raised the rate by an unprecedented 425 basis points to counter inflation.  Inflation is too much cash chasing too few goods- an imbalance in supply and demand. 

US Senators Warren, Marshall Introduce Digital Assets Anti-Money Laundering Bill (msn.com)

Biz groups say Biden independent contractor rule clashes with federal law (msn.com)

The Biden proposal requires that contractors be considered employees if they are "economically dependent" upon the company. It would replace a Trump administration rule that allows those who own a business or who work for competing companies to be treated as contractors.  A final decision will be in the Spring. 

Arlington, VA--

Today, EMTC submitted a written statement for the record concerning the topics covered in the hearing on “Opportunities and Challenges for Trade Policy in the Digital Economy” held on November 30, 2022.

EMTC emphasized the importance of Senate Finance Subcommittee to create a framework to integrate equal treatment of physical and digital goods.

Putting Workers’ Voices First (flexassociation.org)

EMTC is a platform for e-commerce. We focus primarily on cross border trade, tax and transportation, but we work with others in the e-commerce ecosystem on issues that could impact our members and friends of the association. 

Six Logistics Trends to Watch for in 2023 | SupplyChainBrain

Watch for more M&A, outsourcing and increased use of technology. EMTC expects use of AI/ML use to accelerate across all of e-commerce

PayPal usage around 90% in Europe and the U.S. | ecommerceDB.com

These are the Third Party Providers, among others, who may be sending you a 1099K  if you are in the US

Americans warned about looming IRS audits of Venmo payments: 'They're targeting you' | Fox News  

"This is going to hit... the middle class"

EBay, Lawmakers Push to Change Tax Reporting Rule in Lame Duck (bloombergtax.com)

The American Rescue Act signed by the Biden Administration in March 2021 lowered the 1099K requirement from $20,000 + 200 transactions to $600  of gross revenue (not taxable income) 

Container shipping rates still sinking, no sign yet of market floor (freightwaves.com)

The average rate decline is 78% year over year What does that mean for the global economy and trade?