Those crazy types in Brussels. If they're not forcing us all to eat straight bananas or swim in wine lakes, they're slapping tax on our cameras. To be specific, on new digital cameras with a certain level of movie capability.
At the moment, all digital cameras are manufactured outside Europe. They're all imported. All of them. Currently, there's a European Commission-imposed 4.9 percent import tariff on camcorders, but not on cameras, whatever their video-recording abilities.
The EC's Nomenclature Committee (oh, to be a fly on that wall) has cottoned on to this and … Read more