Additional tax on cheap CD-R’s in Europe

22 Dec 01 17:45 by in category Uncategorized



Cheap Taiwanese CD-R’s will be more expensive in Europe these days. The European Union has orderded several CD-R makers to pay an extra additional fee to prevent dumping and to be sure there will still be a healthy market in Europe for CD-R’s.

European CD-R producers are still not sure if the prices will really raise, most distributors have still large stocks of the cheap CD-R’s.



Ritek and Prodisc have both been ordered to pay 18.8%, while CMC Magnetics, which did not send in EU’s questionnaire before the deadline, must pay 39.5%. The new tariffs went into effect on December 19.

The EU has decided the amount of tariffs based on information provided by each company. So far, 16 Taiwan-based companies have cooperated with EU officials. The rest will have to pay the highest percentage of 39.5% if they choose not to disclose the needed information.

According to EU regulations, companies can appeal within a month after the preliminary decision is announced. Taiwan concerns now have until January 21 to file an appeal. After the final decision is made, tariffs will stay fixed for a one-year observation period, after which the EU will review new requests for lower tariffs.

CMC Magnetics was previously sued for dumping magnetic discs, and is well aware that the cost of hiring a lawyer ‘“ possibly more than NT$50 million ‘“ is not as sensible as investing in overseas expansion. CMC has chosen not to respond to EU requests.

Ritek and Prodisc both depend heavily on their European customers. More than a quarter of their shipments go to Europe. Therefore, they have been very cooperative with the EU. Even Ritek subsidiary Auvistar Industry has been given the lowest tariff of 18.8%.

Source: Digitimes.com

10 Comments on Additional tax on cheap CD-R’s in Europe

Juice
Posts: 163
Posted on: 22 Dec 01 18:52
I think Europe has other things to worry about. Like the Euro coming in a week. I noticed that the prices of everything sold in the store with the DM and Eruo conversion don't match up like there supposed too. I believe the cost of living will go up at least 10% in Germany. Glad I get paid in U.S. dollars. Poor bastards. :4
the111
Posts: 362
Posted on: 22 Dec 01 20:19
If the cost of living goes up, wages must also go up. I don't believe that that's the case anyhow. Why would anyone want to dump CDRs?
guest
Posts: 15284
Posted on: 23 Dec 01 02:09
Stupid Europeans.
Nila
Posts: 691
Posted on: 23 Dec 01 04:03
fb- Stupid Europeans?? Is that a joke? Stupid compared to what? Americans. LOL. Ur joking right. I did like the previous article, that's what the oh so smart americans are all about, not: Love thy neighbour but Sue thy neighbour.
A_MEN
Posts: 63
Posted on: 23 Dec 01 16:50
haven't seen those cd-r discs here in the northern Europe and we sure do have Euro coming in a week and that is a bigger problem. Pay in marks and u get Euros back.
guest
Posts: 15284
Posted on: 23 Dec 01 20:02
I agree with Juice: our biggest problem here in Europe is the local money-to-Euro conversion that, in spite of the official change-rate is rising up prices of many goods, especially for the cheap ones. We in Italy, too, are going to experience the same lifecost growing as in Germany.After all, CDR's have never been so cheap in their lifetime, less than 0.5 Euro each, so I think it wouldn't be a great problem paying them some more cents each...
ViRuZ
Posts: 107
Posted on: 24 Dec 01 02:50
bleh ... like the singer of mudvayne said on the rock am ring festival ... americans can only thnink about bombs but thats not the topic here ... i dont think the prices will rise 10 % more like 1-2% ... well
guest
Posts: 15284
Posted on: 24 Dec 01 05:51
We had the same type of problem in Australia, when the GST was being introduced, shops were raising prices by the full 10% (and sometimes more) rather than taking into account that the old taxes were being removed, and thus prices were going up a lot. 2 days later the federal government announced that anyone doing this would face huge fines (200,000 for small business, 1billion for nationwide chains). Then all the stores shit themselves and all prices returned to normal. Something similar will probably happen in Europe.
Looser
Posts: 37
Posted on: 25 Dec 01 02:10
Hey FB- does'nt speak for the rest of us, I think there is so much doing down on both sides of the atlantic, that in due time this one world market will eventually screw us all no matter were you live.
MrEurope
Posts: 2
Posted on: 02 Jan 02 16:53
Madness, I don't think that will happen here. Too many profit for the government, higher prices means more tax income so that really socks. I think I'll migrate to australia :4
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Additional tax on cheap CD-R’s in Europe

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