Google Answers: Transhipment tax rules

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Q: Transhipment tax rules ( No Answer, 0 Comments )

Question

Subject: Transhipment tax rules
Category: Business and Money > Accounting
Asked by: deepakd-ga
List Price: $5.00

Posted: 06 Sep 2006 20:15 PDT
Expires: 23 Sep 2006 07:42 PDT
Question ID: 762877

If I buy $ 100,000 worth of electronic/telecom goods from India
(wholesale), and then resell to a customer in SIngapore for $120,000;

1. WHat is my tax liability in the US?
2. What are transhipment rules from a tax perspective? 
3. Can I set up a US bank account for the foreign INdia based business
without registering a company is IN?

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