to Stay
p. 109 · Read in the full issue
Tax
Mania
“ Bermudan" Duty to Stay
r [E Fiji Government has turned a deaf ear to a request by the Suva Chamber of Commerce to duty on freight charges. p !M, June, p. 157). The Chamber protested strongly when the government altered the basis of issessing customs duty from f.o.b. o c.i.f., and it renewed the protest igain in June.
The Chamber claimed that while government duties had benefited n the past by increase in the costs if imported goods, it would, in uture, also benefit every time reights and insurance rates were acreased.
The recent increase in UK reights meant an automatic in duty. .The Government replied that the .i.t. valuation was approved by ae Fiscal Review Committee in 1954 t was then pointed out that if ae f.o.b. valuation failed to raise ae revenue required it would be ecessary to impose higher rates of uty than those on c.i.f. valuations, accordingly there was no purpose i altering the basis of duty assess-