Dump dumping: this protectionist device harms everyone

Article Abstract:

Dumping in international trade means selling exports at prices lower than their cost at home in order to force competitors out of business by selling at a loss. Antidumping policies currently being practiced by the US, Australia, Japan and Korea are in conflict with the international trade tenet of comparative advantage whereby consumers benefit from being able to purchase goods at relatively cheaper prices abroad. Countries that do not have anti-dumping policies such as Hong Kong, have proven that these are not necessary to increase business and only serve as protectionist measures againstfree trade.

Protectionism, Comparative advantage (Commerce), Comparative advantage

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Ramo's Tan-trums; the real scandal is the Philippine tax system

Article Abstract:

The Philippine government failed to pass much-needed tax reform legislation and ordinary citizens will end up paying the price. Rep. Renato Diaz proposed a flat 15% tax rate that would eliminate a unwieldy multi-tier system and prevent corruption by underpaid government auditors who gain financially from favorable interpretations for businesses. This plan evolved into a three-tier system which was still an improvement but Congress adjourned without passing any tax reform legislation despite appeals from President Ramos.

Tax reform, Philippines, Ramos, Fidel Valdez

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America's dumping scandal

Article Abstract:

The US governments's anti-dumping law is detrimental for both manufacturer and consumer since it forces the former to raise the prices of goods based on government discretion. The imposition of dumping duties has already forced somelarge companies such as Toshiba and Apple to transfer their facilities abroad. Thus, the dumping duty ultimately results in the artificial scarcity of goods and discourages healthy competition between manufacturers.

United States, Laws, regulations and rules, Column, Foreign corporations

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