Identification should include
- customs duty
- sales tax
- excise tax
- payroll-related tax
- value-added tax
- income tax
- tax incentives.
Process/Skill Questions:
- Why does the government collect revenue through taxes?
- Why do governments give tax incentives to encourage foreign companies to do business in their country?
- How can taxes be used by the government to encourage or discourage the use of certain goods or services?
- What are examples of government using a tax to encourage or discourage the use of a good or service?
- How does a country’s tax system impact its competitiveness in global trade?