the exchange of goods and services with foreign countries. In the context of globalization‚ International trade has become an even more important topic now that so many countries have begun to move from state-run to market-driven economies. Tariff and non-tariff barriers play a large part in this process. Tariff Barriers Tariffs are among the oldest forms of government economic intervention. They are most commonly used as taxes on imports into a country or region. They are put into practice for
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Should countries encourage tourism? Tourism has become one of the most important branches of modern market. With the development of world-wide transport‚ the human need to explore the surrounding world has been finally fulfilled. Nowadays almost everyone can travel abroad and admire all sort of breathtaking sites‚ experience diversity of culture and ways of life. But as every industry‚ tourism has some drawbacks. Most important is the environmental issue. New holiday resorts seem to spring out
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Why are some countries rich while others remain poor? How does globalization contribute to the wealth or poverty of nations? To tackle these questions we have to recognize that both are very open and it is probably very hard to have a definite answer. My purpose with this essay is to analyze what I consider to be the most important aspects of these questions taking into account my research‚ background and experiences. I will try first to address both questions and at the end present conclusions
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Inland Revenue Service (FIRS). Rates and scope Rates The standard VAT rate on goods and services is 5%. Value for VAT purposes includes customs duties‚ taxes‚ commission‚ transport‚ insurance and other charges‚ where applicable. Other than the standard-rated goods and services‚ some goods and services have been classified as VAT exempt‚ while others are zero-rated. Scope The standard rate applies to all goods imported‚ supplied or manufactured in Nigeria. The scope of VAT in Nigeria is broad and
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competitive and shifting business. While keeping their sales outlets current‚ toy companies must constantly seek to achieve the next big hit. In addition the rising pressure of big-box retailers‚ the Internet‚ and catalog sales have affected the direction of the industry in more ways than one. Technological innovation has forced tech companies to be on their toes and keep changing with new advancements. Even toy companies are going through the same challenges‚ trying to adjust to the dynamic nature
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Evaluating the tax incentives for foreign investors policy Reporting to the Manufacturers league Executive Summary This report has been written in response to the government’s proposed tax incentive policy for foreign multi-national corporations to increase foreign direct investment within Australia. The report draws attention to the reasons behind the government’s proposal. These include the slow growth trends of the manufacturing industry‚ restoring the dropped level of foreign investment
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Imposing Taxes on Fast Food Restaurants Everybody Know that fast food became the leading most successful restaurants in world nation. The media is one of the key factors behind spread of fast food restaurant. The owner of junk food restaurant implement huge advertising campaign using football player and other social media influencer this will lead to attract more people to buy their meals. Also study shows that fast food restaurants make billon of dollars monthly on behalf the children
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Conflict in Foreign Countries Heather Woolls Benedictine University May 27‚ 2012 The Former Soviet Union: A Study of Three Companies: PwC‚ Ikea‚ and AES When countries open up to capitalism and economic freedom‚ businesses can move in easily and capture markets with little effort. However‚ what are the issues that accompany this ease of initial introduction? There are often great benefits that come with being the first to enter a new market – gaining a competitive advantage being one‚ as
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*“Should countries encourage tourism?*” Due to the curiosity and their taste for adventure‚ people travel all over the world. But it depends on us if we encourage this thing in our country or not. Tourism brings a lot of changes in a country‚ but are they really for the better? To begin with‚ the benefits of the tourism cannot be denied. On the one hand‚ it is an important source of income‚ which is convenient for all the countries‚ especially for the poor ones‚ but also for others that do not
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In simplest terms‚ a tariff is a tax. It adds to the cost of imported goods and is one of several trade policies that a country can enact. Tariffs are often created to protect infant industries and developing economies‚ but are also used by more advanced economies with developed industries. Here are five of the top reasons tariffs are used: Protecting Domestic Employment The levying of tariffs is often highly politicized. The possibility of increased competition from imported goods can threaten
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