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TAX |
TRAIFF |
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Tax = "a sum of money demanded by
a government for its support or for specific facilities or services, levied
upon incomes, property, sales, etc." |
Tariff = "A tax imposed on
imported goods and services. Tariffs are used to restrict trade, as they
increase the price of imported goods and services, making them more expensive
to consumers. They are one of several tools available to shape trade
policy." |
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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. |
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Taxes are collected internally |
while tariffs are collected on imports. |
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A tax is an amount of money given to
the government to pay for the development of the country. |
A tariff is an amount of money put on
each item that you have to pay when you trade with another country on top of
the original price. |