analysis of the impact of the us imposing excise tax on tdi, propylene oxide and other products
on june 24, the us internal revenue service announced that it has set tax rates for 121 taxable chemicals that are subject to the chemical excise tax stipulated in the internal revenue code. the act stipulates that producers, importers, and enterprises that sell or use taxable chemicals shall levy a certain amount of consumption tax. taxable chemicals are substances listed in section 4672(a)(3) of the regulations…
