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This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
Cook Islands: 159.5 2022 Micronesia: 159.1 2022 Northern Mariana Islands: 154.6 2022 Western Sahara: 153.6 2022 Tuvalu: 153.4 2022 Sint Maarten: 151.3 2022 Falkland Islands: 112.8 2022 Nauru: 82.44 2022 American Samoa: 74.41 2019 Saint Pierre and Miquelon: 70.43 2022 Wallis and Futuna: 59.98 2022
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
A specific rate duty is a tariff levied on imports, defined in terms of a specific amount per unit, such as cents per kilogram. By contrast, an ad valorem duty is a charge levied on imports defined in terms of a fixed percentage of value.
The Government of the Cayman Islands plans to challenge this law, arguing that it violates the Constitutional sovereignty granted to the islands. [31] The British National Crime Agency said in September 2018 that the authorities in the Cayman Islands were not supplying information about the beneficial ownership of firms registered in the Cayman ...
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[7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9] Where goods subject to different rates of duty are commingled, the entire shipment may be taxed at the highest applicable duty rate. [10]
If the home country imposes a 20% tariff on shoes, but no tariff on leather, shoes would sell for $180 in the home country, and the value added for the domestic shoe maker would increase by $30, from $50 to $80. The domestic shoe maker is afforded a 60% effective rate of protection per dollar of value added.