Subsidy

Subsidy in United States

Subsidy Definition

A legislative grant of money in aid of a private enterprise deemed to promote the public welfare. In English Law. An aid, tax, or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob. In International Law. The assistance given in money by one nation to another to enable it the better to carry on a war, when such nation does not join directly in the war. Vattel, liv. 3, § 82. See “Neutrality.”

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Legal Issue for Attorneys

A legislative grant of money in aid of a private enterprise deemed to promote the public welfare. In English Law. An aid, tax, or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob. In International Law. The assistance given in money by one nation to another to enable it the better to carry on a war, when such nation does not join directly in the war. Vattel, liv. 3, § 82. See “Neutrality.”

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Notice

This definition of Subsidy is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Other Popular Tax Concepts

Subsidy in the Federal Budget Process

Meaning of Subsidy in the congressional and executive budget processes (GAO source): Generally, a payment or benefit made by the federal government where the benefit exceeds the cost to the beneficiary. Subsidies are designed to support the conduct of an economic enterprise or activity, such as ship operations. They may also refer to (1) provisions in the tax laws for certain tax expenditures and (2) the provision of loans, goods, and services to the public at prices lower than market value. These include interest subsidies.

Under credit reform, subsidy means the estimated long-term cost to the government of a direct loan or loan guarantee, calculated on a net present value basis over the life of the loan, excluding administrative costs and any incidental effects on governmental receipts or outlays. (See also Credit Reform and Credit Subsidy Cost under Federal Credit; Tax Expenditure.)

Concept of Subsidy

In the U.S., in the context of Political Economy and Public Policy, Subsidy has the following meaning: An economic payment by government to another entity, designed to influence or reward behavior. Subsidies are important tools used by government to achieve its desired goals. Of course, outside entities also seek and compete vigorously for subsidies. Thus, subsidies may benefit the public interest, or they may reflect redistribution of public goods for private gain, or a combination of the two. (Source of this definition of Subsidy : University of Texas)

Subsidy

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  • Political Economy
  • Publ
    ic Policy

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Further Reading

  • Legislatures and the budget process: the myth of fiscal control

    (J Wehner, 2010)

  • Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
  • Fiscal institutions and fiscal performance

    (JM Poterba, J von Hagen, 2008)

Subsidy in the International Business Landscape

Definition of Subsidy in the context of U.S. international business and public trade policy: A bounty or grant conferred upon the production or exportation of an article or merchandise by the government in the country of origin. Foreign subsidies affecting trade are subject, under US law, to countervailing duties (CVDs).

Subsidy in the International Business Landscape

Definition of Subsidy in the context of U.S. international business and public trade policy: A payment by a government agency to producers of goods, intended to make prices lower than they otherwise would be.

Subsidy in the International Business Landscape

Definition of Subsidy in the context of U.S. international business and public trade policy: An explicit cash payment or implicit assistance from government to business or other organizations and individuals.

Subsidy in the International Business Landscape

Definition of Subsidy in the context of U.S. international business and public trade policy: Government financial assistance to a domestic producer.

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