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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 983 |
Essay's paper body
For countries that do not previously have a broad-based expenditure tax, applying a VAT in combination with tariff reductions has the possible to offer new tax revenues while very much plummeting financial distortions.
High Tariff and Nontariff Barriers and import tariffs create a grave difficulty for exporting companies, as they cause export prices to shoot up...
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Even though tariffs are unconcealed and can be dealt with by means of uncomplicated procedures, there are many non-tariff barriers, such as administrative refinement (arbitrary tariff classification), quantitative limitations (quotas and embargoes), and customs management (uplifting invoice value), resulting in grave complexities for the exporter...
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