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New DVI tax on LCD monitors is branded unfair

August 23rd, 2006 · No Comments

Market research firm WitsView believes that a new EU tax on large screen DVI monitors will seriously damage the industry. Since January 18, the European Commission has added a 14 per cent import duty on large-sized LCD monitors.
The tax affects 19-inch and above monitors which are not manufactured within the European Union, and are designed with expansion slots or ports for video or DVI cards.
Only 19-inch 4:3 monitors and smaller screens are excluded. WitsView argues that the law is already affecting Asian LCD exports to Europe, and will stifle demand for larger monitors with the DVI interface. Screens without the digital video interface or upgrade slots will not be affected.
The company says: “Monitor merchants may choose to set up a factory in the EU to evade this vexing problem, but even though the device is manufactured and assembled in the EU a 5 percent import tax on LCD components is still inevitable as most panels are made in Korea, Taiwan and China. Through the new tax regulation, the EU is trying to create harsher conditions for LCD TVs makers abroad, in order to protect its own projection or panel makers in the EU, such as Phillips.”

Tags: LCD TV · Trade

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