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Improvements to leased property made by a lessee are includible in the lessor's gross income only if made in lieu of rent or if rent is reduced because of the improvements.
Court of International Trade
The Court of International Trade is a federal court in the United States that deals with cases involving international trade and customs laws.
Worldwide Jurisdiction
The assertion of legal authority to prosecute or impose legal judgments regardless of geographical boundaries.
International Trade
The exchange of goods and services between countries, vital for the global economy, driven by comparative advantage, and subject to regulations and tariffs.
Customs Issues
Problems or disputes that arise in the process of importing or exporting goods, often related to the payment of tariffs, adherence to regulations, or the classification of goods.
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