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Sagot :
Tariffs can be imposed to increase revenue (income tariffs) or even to protect domestic industries. A protective tariff is an excise tax levied on a foreign goods that is not manufactured in the country.
What exactly was meant by tax?
Taxes are mandatory donations levied by a government entity, whether local, geographic, or national, on individuals or corporations. Taxation funds government activities such as public projects and services including such roads and schools, as well as programs such as Medicare and Social Security.
Why do we have to pay taxes?
HMRC collects income tax on the government's behalf. It is used to help fund government services. The NHS, education, and welfare systems, for example, as well as investments in public projects such as roads, rail, and housing.
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