Duty

(redirected from duty-free)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Duty

A tax on imports, exports, or consumption goods.

Duty

A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty

See tariff.
References in periodicals archive ?
This report provides detailed data on the size and development of retail sales of individual product types through Duty-Free Retailers globally.
New research by Visa UK shows that while the British are happy to spend an average of pounds 75 on duty-free shopping while on holiday, it will be on gifts for themselves rather than for friends and family.
TRG's new duty-free shopping main store will be located in the center of Terminal D between Gates D22 and D23, transforming space that is currently used mainly as gate waiting areas into a high-end shopping experience.
UK airports claim landing charges for European flights would need to rise by about a third to compensate for the loss of income from their duty-free shops.
The European Commission is expected to deal a blow today to the campaign to save duty-free shopping within the EU, which is due to be abolished June 30.
Coincidentally, Germany will be the EU presidency between January and the end of June, when duty-frees disappear, and Finance Minister Mr Oskar Lafontaine vowed tonight to keep the issue on the agenda.
But a spokeswoman for Neil Kinnock said: "The abolition of duty-free and the privilege which allows diplomats and Commissioners limited duty are not connected at all.
A trial is being carried out of tax-free sales at Stansted airport, and the impact from the end of duty-free sales "appears to be more than covered," said Mr Collie.
The association said Europe should call a halt to the blitz on duty-free until the tax on whisky was the same in all 15 EU countries.
DFS Group is the world's largest duty-free retailer for international travelers.
Yet this summer could be the last chance for holidaymakers to enjoy their much-loved duty-free shopping.