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Tariffs differ from taxes because tariffs are what?

Jeremy Wood

in Business

1 answer

1 answer

Alexa Spicer on March 25, 2018

The taxes refer to revenues or purchases that have a certain percentage taken out on the sale of an asset during the tax season for the income. Tariffs on the other hand apply only to the good put into or out of the country. For example, The united states could choose to create a tariff on cars entering the country of Japan. This means that you will not have to pay a fee or a certain percentage of the cars worth just to import it.

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