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What are tariffs and how do countries use them?
A: A tariff is a tax that is placed on an imported good, they use tariffs because imported goods have a tax so citizens are more likely to purchase that countries goods for the cheaper price. -BrockChloe
What is a tariff a tax on?
A tariff is a tax placed on imported goods. Each country has separate tariff regulations. The five main types of tariffs include revenue, ad valorem, specific, prohibitive and protective.
What is a tax based on the price of goods and paid at the time of purchase?
A tax based on the price of goods and paid at the time of purchase is a sales tax.
A tax placed on an import or export?
Tax is placed on both import and export.The government which receives the tax may be different for export and import.
Why does a tariff make foreign goods more expensive?
Yes, a tariff is a tax on imported goods. The tax is added to the cost of the goods making them more expensive.
Tax placed on goods made within a country?
Excise tax
What type of sales tax is often placed on undesirable commodities or luxury goods?
combustion tax
What is excise taxe?
a tax placed on goods transferred within a country
What is the difference between a tariff and an excise tax?
A tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
What was a high tax placed on imported goods that made the south angry?
tariff
Taxes placed on luxury goods or services are known as?
excise taxes
Why did farmers when hamilton placed a tax on whiskey?
the tax made them angry because they didn't have the money to pay the tax or for the goods they needed it also affected their way of life.
What are tariffs and how do countries use them?
A: A tariff is a tax that is placed on an imported good, they use tariffs because imported goods have a tax so citizens are more likely to purchase that countries goods for the cheaper price. -BrockChloe
What is a tax placed on goods from another country to protect the home industry?
protective tariff
What kind of tax is a sales tax?
It is an indirect tax.It is a tax levied on the sale of goods and merchandise. In many countries tax on sale of goods and tax on services is integrated into one tax called GST or Goods and Services Tax
What is a tariff a tax on?
A tariff is a tax placed on imported goods. Each country has separate tariff regulations. The five main types of tariffs include revenue, ad valorem, specific, prohibitive and protective.
What is the slales tax in Australia?
Are you referring to GST (Goods and Services Tax) which is a tax on some goods (not primary produced goods) and services (if the entity is registered for GST)?
