Trade · 6 pages · 12 min
Why a tariff is a tax
A tariff is a compulsory customs duty paid to the state on goods that cross the border.
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From the opening
A tariff is a tax because it is a compulsory payment to the government, assessed on imported goods, and not a voluntary fee for a private service. Customs computes it from the declared value or the quantity and collects it as public revenue. The opening covers customs assesses a legal rate, the importer must pay to clear, and ad valorem or specific.
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Inside
- Customs assesses a legal rate
- The importer must pay to clear
- Ad valorem or specific
- Revenue goes to the state
- Where the idea stops applying
- A distinction worth keeping
Sources
- Customs duty as a tax
- Ad valorem and specific tariffs