LIFO (Last-In, First-Out) is a widely-accepted inventory accounting used by large and small companies throughout the U.S. economy since 1938.
Any tax reform effort must be comprehensive in nature – taking into account changes to both personal and corporate tax rates. In recent years, there have been attempts to force most pass through entities – S corporations, partnerships, limited liability corporations, etc. – to become C corporations.
While there have been significant decreases in the number of alcohol-related accidents, fatalities and injuries in the past twenty years, WSWA remains steadfast in its commitment to fighting drunk driving. Ignition interlocks are an important new technology that will help combat drunk driving.
As Congress seeks to make the United States Postal Service (USPS) solvent, it is imperative that individual state laws concerning the direct to consumer shipping of wine, beer and spirits are respected.
Congressional appropriators should approve the Administration’s request of $101 million for the Alcohol and Tobacco Tax and Trade Bureau (TTB). In addition to its tax collection role, TTB is responsible for enforcing the Federal Alcohol Administration Act. Agency officials annually review over 100,000 labels and thousands of formulas to protect consumers.
In December 2014, the National Labor Relations Board (NLRB) released a final rule amending the process by which employee petitions for collective bargaining representation are handled.
The issues of marijuana legalization, decriminalization and regulation are currently being discussed and considered by the public, advocacy groups and government officials around the country. Supporters on either side of this debate often point out similarities or highlight differences with beverage alcohol. While WSWA does not have a position on the core question of marijuana legalization, we do have deep expertise in the structure, management and operational challenges of the three-tiered beverage alcohol regulatory structure- a system that has proven remarkably effective at addressing the myriad issues that gave rise to Prohibition.
Recently, the United Kingdom has experienced a wave of public health and safety incidents related to counterfeit or adulterated alcohol. Media reports have indicated that officials have identified as much as £1.2 billion (GBP) in uncollected tax revenue lost each year in the illegal market. In addition, consumers in the U.K. have consistently encountered adulterated or counterfeit product sold outside legal distribution channels, including fake products causing death or serious illness.
WSWA is committed to responsible distribution of alcohol and prevention of underage drinking.
While there have been significant decreases in the number of alcohol related crashes, fatalities and injuries in the last two decades, the Wine and Spirits Wholesalers of America (WSWA) remains steadfast in its commitment to fighting drunk driving.