Customs Duties Term Analysis

Third, it’s impossible to precisely measure the balance of trade. Customs records are based on inaccurate valuations, and even if England pays more bills to another... (full context)

...luxuries. Some are excise duties (taxes on goods manufactured for domestic consumption) and some are customs duties (taxes on imports and exports). Originally, customs duties were supposed to tax merchants’ profits,... (full context)

...other goods face high import duties. These policies encourage smuggling and fraud, while decreasing Britain’s customs revenue. They encourage merchants to overstate exports and understate imports, which politicians appreciate because it... (full context)

...system by limiting import duties to a few, widely-consumed goods. For example, most of Britain’s customs revenue comes from European wine and brandy; American rum, tobacco, sugar, and coconuts; and Asian... (full context)

The best way to fight smuggling is by administering the customs tax like an excise tax: customs officers should see and assess imported goods in common... (full context)

There are many other ways to tax commodities, besides excise and customs duties. For instance, towns and provinces historically charged local tolls for transporting goods, but this... (full context)

...they cost consumers much more than they earn in revenue for the government. First, administering customs duties is very expensive (although excise duties are cheaper). Second, luxury taxes reduce consumption and... (full context)

...capitation tax with more revenue taxes (vingtièmes), particularly on the rich. It should unify its customs and excise duties to permit free domestic trade, and it should give all tax collection... (full context)

...the general revenue, massively decreasing expenses, or both. Smith’s proposals for reforming the land, house, customs, and excise taxes would help. But they wouldn’t be nearly enough. Taxing Ireland and the... (full context)

Britain’s tax system has four parts: “the land-tax, the stamp-duties, and the different duties of customs and excise.” Landowners in Ireland, America, and the West Indies can certainly afford to pay... (full context)