PPEC: Recycled Content (CONT’D FROM PAGE 32)
Board Converting NEWS INTERNET DIRECTORY
• Total Canadian mill shipments: 3.37 million tons • Total recycled content shipments to domestic and ex- port markets: 2.35 million tons • Average recycled content of domestic shipments for all three major packaging grades: 81.7 percent • Average recycled content for domestic shipments of boxboard, which is used to make cereal or shoe boxes: 79.8 percent. • Average recycled content for domestic shipments of containerboard, which is used to make corrugated shipping boxes: 86.5 percent. Visit ppec-paper.com for more information. NAM: ‘Book Tax’ Would Burden Manufacturers Disproportionately The proposed “book tax” in the Senate’s reconciliation bill “would overwhelmingly hit U.S. manufacturers,” accord- ing to a new analysis by the Joint Committee on Taxation, Congress’s non-partisan tax scorekeeper as reported on nam.org . The reconciliation bill, the outline of which was released recently by Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WVA), proposes a 15 percent minimum corporate levy, or “book tax,” on the profits that corporations report on their financial statements. Accord- ing to news.bloombergtax.com , the proposed tax would require corporations with a net income over $1 billion to pay the greater of their ordinary corporate income tax lia- bility, or 15 percent of adjusted financial statement or book income. The provision is estimated to raise $313 billion, and JCT finds that manufacturers would be responsible for paying nearly half of it. The impact would be swift and devastating to manu- facturers and the economy as a whole, said NAM Chief Economist Chad Moutray, who conducted his own analysis of the bill’s effects on the manufacturing sector. Including direct, indirect and induced effects, in 2023 alone the impact would include: • A real GDP reduction of $68.45 billion • 218,108 fewer workers in the overall economy • A labor-income decrease of $17.11 billion “This is a domestic manufacturing tax, plain and sim- ple,” said Senate Finance Committee Ranking Member Mike Crapo (R-ID), who asked for the JCT analysis. “Despite Democrats’ claims, the book minimum tax does not close tax loopholes. Treatment of capital invest- ments, like those made by American manufacturers, differ for book and tax purposes — for good reason,” according to a press release from Senate Finance Republicans. “Congress intentionally designed tax depreciation rules to support domestic investment. Democrats’ tax on U.S. manufacturing would eliminate that benefit.” Visit nam.org for more information.
Advantzware provides a flexible and comprehensive system to address the business management needs of the independent box business, as well as the ERP re- quirements of full scale packaging plants and integrat- ed companies. With modules for estimating, scheduling, production, inventory and accounting, this scalable sys- tem supports packaging plants that produce corrugat- ed boxes, folding cartons, point of purchase displays, assembled partitions, paperboard products, foam fab- rication, as well as distribution of packaging supplies. AIR CONVEYING CORPORATION www.accfilter.com Air Conveying Corporation is a recognized leader in the in- dustry of Pneumatic Conveying Systems and has been in business since 1968. As an equipment manufacturer rather than simply a sales organization, we have complete control over the quality of material and products which make up your proposed system. Our equipment is found in Printing, Folding Carton and Corrugated plants throughout the coun- try and the world. Let us build you the best Trim Removal System you ever had. Contact us today. Amtech offers the industry’s most innovative and compre- hensive corrugated and packaging ERP, integrated sched- uling software, and engineered automation technology. For over 30 years, Amtech has remained at the backbone of successful businesses from the independent box makers to the largest integrateds. We keep our customers competitive in an ever-changing economy with options such as custom- er digital storefronts and workflows, business intelligence, automated scheduling for corrugators, converting and shipping, proactive roll stock and inventory management. APEX INTERNATIONAL www.apexinternational.com AMTECH SOFTWARE www.amtechsoftware.com World’s largest Anilox and Glue & Metering roll manufac- turer, providing the widest selection of corrugated engrav- ings and complementary services. Anilox engraving options available from our North American manufacturing facility include elongated 75°, 60°, 45°, plus Apex’s patented GTT technology. Glue rolls are produced with Hardened Stain- less Steel and a max TIR of 10 µ for Single, Double Facers.
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34 August 8, 2022
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