Government Revenue Tariff Definition

For example if canada sweden or finland imposes tariffs on imported mangoes the purpose is not to protect domestic mango farmers there aren t any.

Government revenue tariff definition. They signed a treaty to lower duties on trade between their countries. This tax is imposed mainly to raise government income rather than to protect domestic producers. The new national government needed revenue and decided to depend upon a tax on imports with the tariff of 1789. But in the less developed countries there is still much reliance of the.

Revenue tariff is any schedule or system of rates or changes that are intended to produce revenue for the government. When two countries trade in the goods a certain amount is charged as a fee by the country in which goods are entered so as to provide revenue to the government as well as raise the price of foreign goods so that the domestic companies can easily compete with the foreign items. A tariff is a tax imposed on imported goods and services. Tariff duty a government tax on imports or exports.

Revenue tariff definition is a tariff intended wholly or primarily to produce public revenue. Definition of tariff barriers. The mango tariff is purely to raise revenue for the government. Revenue tariff refers to a set of rates formulated for increasing public revenue.

A tariff imposed chiefly to generate public revenue. A tariff is a protectionism tax imposed on imported and exported goods with the aim of generating government revenues and protecting the domestic economies and infant industries from global competition. The policy of the u s. The tariff which is imposed primarily for generating more revenues for the government is called as the revenue tariff.

In advanced countries the introduction and diversification of direct taxes has reduced the importance of tariff as a source of government revenues. It can also be said as a tax levied on import and export to raise money for the government. Before 1860 was low tariffs for revenue only since duties continued to fund the national government.