Word: valorem
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Dates: during 1930-1939
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...incomes above $20,000 per year, opposed any move against small taxpayers. Also discussed were new levies on automobiles, radios, amusement admissions, estates, gifts. Only two items seemed sure of escaping tax upping: 1) corporations, already tottering under their 12% burden; 2) tobacco, which already pays an ad valorem rate...
...Tycoon Walter Runciman, the great Liberal shipping man (Royal Mail and associated companies) whose family stands rooted in the business and politics of Free Trade, was obliged personally to draft and put into effect measures making nearly all manufactured articles liable to a British tariff up to 100% ad valorem. Thus historically he hauled down the standard of Free Trade...
...flexibility clause, interested parties have caused 12 revisions since the bill passed, have had 181 applications turned down. A turndown last week was given to Brooks Bros., old-time Manhattan haberdashery, which had asked reduction in the duty on top and opera hats, now at 75% ad valorem plus $2 against the old rate...
Attack. Differing sharply with Dr. Klein was Peter Fletcher, president of National Council of American Importers & Traders, Inc. Peter Fletcher wanted to see a prompt 25% reduction on ad valorem rates, 50%, on specific rates. He thought and said: "We are now in the midst of the greatest worldwide tariff war in history." Heartily in accord were Charles T. Riotte, lace & embroidery man; Howard S. Cullum, Commissioner of the Port of New York Authority; Philip le Boutillier, president of Best & Co.; Wallace Thompson, editor of Ingenieria International...
...President Hoover last week began to flex "injustices and inequalities" out of the Hawley-Smoot Tariff Act. On the recommendations of his new Tariff Commission he cut the rates on woodflour (33¼"% to 25% ad valorem), pigskin leather (25% to 15%), straw hats ($4 per doz. plus 60% to $3 per doz. plus 50%), maple sugar (8? to 6? per lb.). Upped were the rates on woven wire fencing and netting (45% to 50% and 60%). Explanation of the Commission's celerity in investigating these rate cases was its use of foreign invoice values on imports...