Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
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.
To know more about Tax visit:
https://brainly.com/question/16423331
#SPJ4
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
