- Industry: Education
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A tariff, presumably a high one, perhaps in lots of industries. The term is used to highlight the difficulty foreign sellers have in getting their products past the tariff, often in the context of the incentive therefore provided for FDI. See foreign investment argument for protection.
Industry:Economy
A measure of how rapidly the actual revenue from a tax rises (including that due to any change in the tax law) as the tax base rises. It is defined, like an elasticity, as %''R'' / %''B'' where ''R'' is the real revenue from the tax, ''B'' is the real tax base, and % is percent change. It differs from tax elasticity in not holding the tax law constant.
Industry:Economy
A special provision for a firm not to pay a tax that it would otherwise owe, provided by a local, state, or national government as an inducement to invest. Competition among governments, seeking to attract investment, to some extent undermines the benefits that countries might otherwise receive from FDI.
Industry:Economy
A provision of the tax code that specifies an amount by which a taxpayer's taxes will be reduced in return for some behavior.
Industry:Economy
A provision of the tax code that specifies an amount by which a taxpayer's tax base will be reduced in return for some behavior, resulting in a lowering of the amount of tax paid that depends on their tax rate.
Industry:Economy
A location, usually a country, where either rates of taxation or levels of enforcement are low, so that high taxes in other countries can be avoided by moving or locating there.
Industry:Economy
A technical regulation or other requirement (for testing, labeling, packaging, marketing, certification, etc. ) applied to imports in a way that restricts trade.
Industry:Economy
A requirement of characteristics (such as dimensions, quality, performance, or safety) that a product must meet in order to be sold on a country's market. See standards.
Industry:Economy
1. A specific method of production, using a particular combination of inputs. 2. A point on an isoquant.
Industry:Economy
