AV Zombie: The tax imposed by the EU on large screen DVI monitors will seriously damage the LCD industry and is really designed to protect local projection and plasma makers, like Phillips. So says market research firm, WitsView.
Since January this year, the EU has added a 14% import duty on large-sized LCD monitors (above 19-inches) which feature expansion slots or ports for video or DVI cards, and that are not manufactured within the Union.
WitsView argues that the law is already affecting Asian LCD exports to Europe, and will stifle demand for larger monitors with the DVI interface.
The company says: “Monitor merchants may choose to set up a factory in the EU to evade the tax, but [...] 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 plasma panel makers in the EU, such as Phillips.”