Thursday, November 7, 2019
How Countries Around the World Charge Excise Taxes
Excise taxes are levied on the sale and use of certain products and services. They are charged directly from businesses and then the costs are passed on to consumers to some extent, often in an obscure way.
Like other taxes based on income and consumption, excise taxes are designed to generate substantial revenue for governments. What is unique about them, however, is that they strategically target specific ‘necessities’ deemed harmful to health and/or the environment.
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