This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
China Complains To WTO On EU Shoe Tariffs,
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, February 09, 2010
China has followed through on its threat last December to lodge a formal complaint against the European Union (EU) with the World Trade Organisation (WTO) about the extension of anti-dumping duties on Chinese made shoes.
The duties were first imposed by the EU in 2006 and extended by a further 15 months in December 2009. They were applied at rates ranging from 9.7% to 16.5% on Chinese imports and 10% on shoes from Vietnam.
China's Ministry of Commerce issued a statement asking the EU to take seriously China's strong concerns and properly resolve the dispute over shoe tariffs through consultation at an early date. If no negotiated solution is reached within 60 days, a WTO panel of three will adjudicate on the merits of the case, and make an appropriate order on the parties.
In volume terms this is the biggest dispute involving China, and a sign of its preparedness to use the levers of international bodies to further its trade interest, now that it has overtaken Germany to become the World's largest exporter.
The European Footwear Alliance, representing many of the footwear brands that have transfered their production to China, claims its members had paid around EUR800m in antidumping duties and that the EU anti-dumping measures were based on 'flawed analysis'.
The Chinese are reported to have hired the best lawyers and the message has been put out that they have a strong case. The EU itself appeared in two minds in taking its actions and appears to be responding to heavy lobbying from Italy.
In 2009 China opened a permanent WTO mission in Geneva and initiated its first legal complaints against the EU in respect of Chinese exports of iron and steel fasteners.
This last week China also announced anti-dumping duties of its own against American chicken products from February 13. According to China Daily, US exporters Tyson Foods and Pilgrim's Pride Corp will be levied duties of 43.1% and 80.5% respectively. Firms that did not respond to the Chinese investigation would be levied duty of 105.4%.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.