European Buyers Face New Tax on U.S. Imports
European horse buyers may be subject to an excise tax of at least 5% on horses they purchase and bring home from the United States as a result of trade sanctions imposed against the U.S. on March 1 by the European Union (EU).
Horses are included in the list of imported products being taxed, though breeding stock and horses destined for immediate slaughter are exempt. No specifics wer
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European horse buyers may be subject to an excise tax of at least 5% on horses they purchase and bring home from the United States as a result of trade sanctions imposed against the U.S. on March 1 by the European Union (EU).
Horses are included in the list of imported products being taxed, though breeding stock and horses destined for immediate slaughter are exempt. No specifics were provided to U.S. government officials by the EU whether or not filly and colt weanlings, yearlings, or 2-year-olds in training would be classified as breeding stock
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