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Mainly, for two reasons in my opinion:
- to protect and allow better chance and better marketing for the local production of the same type of imported good.
- to get some revenue for the country to allow better chance for the government to finance the different country services.
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∙ 10y ago
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Why might a coutry's government decide to place high taxes on imported goods?
To help the the economy of the country from which the goods came.
What is it called when taxes are imposed on imported goods?
tariffs
Increase in old taxes and new taxes on imported goods to raise money for England?
Grenville Program
What will happen to the supply curve when the government imposes heavy indirect taxes and puts price control on a commodity?
the supply curve will fall if heavy indirect taxes are imposed. A price will worsen the burden of suppliers which force them to cut the supply of goods.
Tariffs differ from taxes because tariffs are what?
Only collected on imported goods
What policies contributed to tensions between Texas and Mexico?
The Mexican government limited Immigration to Texas and levied taxes on goods imported from the United States.
Why might a coutry's government decide to place high taxes on imported goods?
To help the the economy of the country from which the goods came.
How was the federal government funded before federal income tax?
Mainly duties (taxes on imported goods).
Why government imposed tax?
Taxes are levied and collected in order to 1) pay for public services such as government, police and roads; and 2) to regulate the amount of goods exchanged such as taxing imported sugar to promote domestic sugar consumption.
What are tariffs or custom duties?
these are taxes on imported goods
What is it called when taxes are imposed on imported goods?
tariffs
What is the word for charges or taxes placed by the government on certain imported goods?
The term used for taxes of imported goods is usually a Tariff and sometimes called a Duty or Customs Duty.This is why you sometimes see duty-free shops in airports or cruise ship terminals. Goods purchased in these shops are not charges the Duty or Tariff.
When country's create tariffs they?
set taxes on imported goods
What are protective tariiffs?
They are taxes placed on imported goods to increase the price and protect locally produced goods which may cost more than the imported similar goods.
In 1767 what placed taxes on imported goods such as glass?
Townshend Act
Which branch can levy taxes on imported goods?
executive or lesgislative or judical
What is the grenville program?
Increase in old taxes and new taxes on imported goods to raise money for England.
