: About Me

Taxation is a tool used by the Governments not only to earn revenue but also to control the national economy and consumer behavior. Governments impose higher taxes on imported goods that are locally manufactured? Why? So that the consumers opt for the locally produced goods as these will cost them less in terms of savings on import taxes. This helps in protecting the market for the local industries by influencing the consumer behavior and in the end it all results in more revenue to the Government because if the local industries sell well, they earn more and the more tax the Government get...