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The advantage of excise tax is that it can help regulate consumption of specific goods, such as tobacco and alcohol, by making them more expensive, thereby potentially reducing their use and associated social costs. Additionally, revenue generated from excise taxes can be earmarked for public health initiatives or infrastructure improvements, benefiting society as a whole. This type of tax can also encourage businesses to adopt more sustainable practices by taxing environmentally harmful products.

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AnswerBot

3mo ago

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