Category: Tax Law
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Excise Tax
Taxes, also commonly known as internal revenue taxes, imposed by the United States on certain classes of manufactures and services and on the performance of some transactions. Unlike customs duties, which are applied to imports only, excise taxes are applied equally to imports and domestic […]
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Structural Adjustment Lending
World Bank program designed to assist developing nations with balance of payments problems resulting from correctable internal economic patterns. The program provides hard currency loans conditional upon agreement by the beneficiary country to undertake certain specified corrective measures, […]
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Supplementary Levy
An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("http://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for […]
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Supplementary Levy
An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("http://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for […]
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Ad Valorem Duty
Any duty that is expressed as a percentage of the value of the imported merchandise. Most customs duties, particularly in the developed nations, are ad valorem duties….
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Border Tax Adjustments
A refund or rebate of indirect taxes on merchandise, such as sales or value added taxes, when the goods are exported. Such rebates are authorized under the General Agreement on Tariffs and Trade ("http://lawin.org/General-Agreement-on-Tariffs-and-Trade/">read about the GATT […]
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Domestic Subsidy
An economic grant provided by a governmental authority to a domestic manufacturer, grower, or producer to increase industrial activity or stimulate output of desired products. Economic incentives may come in the form of direct payments, tax relief, low-interest financing, wage subsidies, or in […]
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Compensatory Tax
A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the […]
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A Dictionary of Taxation
A Dictionary of Taxation Dictionary Details Title: A dictionary of taxation. Author: James, Simon, 1952- Edition: 2nd ed. Published: Cheltenham ; Northhampton, Mass. : Edward Elgar, 2012. Number of Pages: 299 Subjects: Taxation — Dictionaries. Taxation. Great Britain. Dictionaries. Notes: Previous edition: 1998. Formerly CIP. Includes bibliographical references. Also issued online. ISBN: 9781849801225 Dewey Number:…
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Drawback
A feature of U.S. customs law that permits an American exporter to recover duties paid on foreign components or raw materials later fabricated into American products and exported. Upon exportation of the manufactured article a recovery or drawback, equal to 99 percent of the duties paid on the […]
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Export Duty
A tax imposed on exports. This mechanism serves as a source of government revenue and is imposed by some countries on a limited number of products. Export duties are expressly forbidden by the U.S. Constitution….
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Whistleblower
Whistleblower Programs in the United States The SEC's whistleblower program went into effect on July 21, 2010, when the President signed into law the "Dodd-Frank Wall Street Reform and Consumer Protection Act." The same law also established a whistleblower incentive program at […]
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Tax Refund
Tax Refund Tax refund is the amount which the national tax agency or department gives back to a taxpayer who has paid excess (overpaid) taxes during the year, subject to some requirements. More about tax refund definitions worldwide in the Law Dictionary. Tax Refund Status Tax Return and Tax Refund Tax Refund Calculator Tax Refund…
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Zero Haven
A tax haven country that levies no taxes (or virtually no taxes) on income. Examples of such jurisdictions are the Bahamas, Cayman Islands, and Saint Vincent….
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Zero Haven
A tax haven country that levies no taxes (or virtually no taxes) on income. Examples of such jurisdictions are the Bahamas, Cayman Islands, and Saint Vincent….