ILMA Supports Singapore-Based Asian Lubricant Manufacturers Union - NOW ACCEPTING MEMBERSHIP APPLICATIONS
The Asian Lubricant Manufacturers Union (ALMU) officially launched with the inaugural meeting of its general membership in Macao, Southern China, on March 6, 2018. The ALMU is an Asia-wide organization representing the combined knowledge and expertise of lubricant manufacturers throughout East Asia, South Asia, Southeast Asia and Oceania regions. ILMA is in full support of the new organization, with ILMA president Dave Croghan (1st row, 3rd from right) and past president/board member Ron Powell (1st row, 2nd from the right), representing our association at the meeting. ALMU is now accepting applications for membership!
NEW WHITE PAPER: Tax Reform — What ILMA Members Need to Know
President Trump signed the “Tax Cuts and Jobs Act” into law on December 22, 2017, marking the most significant overhaul to the federal tax code since 1986. The new law does not change the calculus that only death and taxes are certain. Individuals and businesses, however, will see changes to their taxes, beginning in 2018. However, while many of the changes to individual taxes are temporary and somewhat piecemeal, the changes to the business taxes are permanent and comprehensive. The impact to businesses will vary by structure and size.
ILMA cannot address all of the tax law changes in this document. However, the Association highlights below some of key provisions with the encouragement for members to discuss and assess how the new tax reform law will affect their businesses with their tax advisors. Read more.
Support the Importance of Tribology
Contact your representative now to show support of H. Res. 306, officially recognizing the positive impact of tribology to the U.S. economy. Click here for more info.