Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: June 12, 2025
In the revision of the old tariff beneficent changes were effected, such as abolition of the duties on binder twine, barbed wire, and Indian corn, substantial reductions on flour and sugar, the substitution of ad valorem for specific duties, and a provision for reducing the duty on goods controlled by trusts or combines.
They simply laid a tax of a stiver a pound on the commodity, or about six per cent, ad valorem; and this was a more wholesome way of serving the State than by abridging the liberty of the people in the choice of personal attire.
Probably the duty when it was tried was not imposed in the best way, being charged at a fixed rate per ton instead of on an ad valorem scale, but this fault could easily be corrected. Special exceptions in favour of Colonies or Allies, or for the supply of certain places, might be made by arrangement in consideration of some equivalent favour, or to meet some particular need.
Anything that requires much labour, or that cannot readily be produced in the colony, is, dearer; but, on the other hand, it should be remembered that money is more easily obtainable. Protectionist duties and heavy freights form an effectual sumptuary tax; and as most of the duties are ad valorem, first-class articles are heavily handicapped, and a premium put upon the importation of shoddy.
If negroes were goods, wares, or merchandise, they came within the title of the bill; if they were not, the bill would be inconsistent; but if they are goods, wares or merchandise, the 5 per cent ad valorem, will embrace the importation; and the duty of 5 per cent is nearly equal to 10 dollars per head, so there is no occasion to add it even on the score of revenue. Mr. Work for a living?
About a hundred per cent. ad valorem." "C'est a dire ?" "As much as they cost." "O then, dearest," responded Isabel indignantly, "it can't be wrong to smuggle! I won't declare a thread!" "That's very well for you, whom they won't ask. But what if they ask me whether there's anything to declare?" Isabel looked at her husband and hesitated.
This might be accomplished by ascertaining the average value of any given article for a series of years at the place of exportation and by simply converting the rate of ad valorem duty upon it which might be deemed necessary for revenue purposes into the form of a specific duty. Such an arrangement could not injure the consumer.
These monopolies do not interfere with the custom-house, which levies its duties irrespectively of them. Leeches pay an export duty of 2s. 9d. the thousand; wax pays an ad valorem duty of fifty per cent; bark pays a very small duty, and millet scarcely a penny per quintal.
No one pretends that the revenue of the United States requires the tax of ten per cent. ad valorem, upon all importations of "books printed, magazines, pamphlets, and illustrated newspapers, bound or unbound;" yet, such are the terms of the tariff of 1846, and it was designed expressly to prevent importations, and encourage the piratical, manufacture of such things at home.
But to make a tariff uniform and permanent it is not only necessary that the laws should not be altered, but that the duty should not fluctuate. To effect this all duties should be specific wherever the nature of the article is such as to admit of it. Ad valorem duties fluctuate with the price and offer strong temptations to fraud and perjury.
Word Of The Day
Others Looking