A B C D E G H I L M N O P Q R S T V W Z
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Direct tax

A tax that is levied on wealth or income. See also excise tax; indirect tax; sales tax.

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Double column tariff

A tariff schedule listing two duty rates for some or all commodities. Under such arrangements imports may be taxed at a higher or lower rate, depending on the importing country´s trade relationship with the exporting country.

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Downstream dumping

A situation where producers sell at below cost to another producer in the same country, who further processes and exports the products to another country. See also dumping.

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Drawback

The refund by a government, in whole or part, of customs duties assessed on imported goods that are subsequently exported. Drawback may also often be claimed for duty paid on the imported material content of domestically produced goods that are…

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Dumping

The practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost of production) in order to gain a competitive advantage over other suppliers. Dumping is considered an unfair trade practice under GATT and World Trade Organization agreements. It is regulated by national government through the imposition of anti-dumping duties, in some cases calculated to equal the difference between the product´s price in the importing and the exporting country.

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