Consumption Taxes This analyst erroneously implied that value added taxes are cumulative through the supply chain when in fact any VAT paid on an input is deductible, thus ensuring it is the final customer paying the tax. The VAT is an important discussion point because the Trump Administration compares them to the tariffs now being applied to trading partners. According to the OECD, consumption taxes comprise 30 percent of total tax revenues, and they have been increasing in nearly 60 percent of the 38 richest countries. The U.S. predominantly uses an income tax for government revenues, seeing consumption taxes as regressive since they tend to have greater impact on lower income consumers. Critics also argue that tariffs are inflatio...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.