How smuggling effects economy of my country?

[Sotherefore]

Smuggling can help improve the economy of one's country but anything that is illegal must always be called illegal. Police will always try to arrest smugglers if possible because their mode of earning is not legal..

 

[Shigobad20201]

There are various ways in which snuggling affects the economy of the country , first the smuggled goods won't pay for the toll gate and tax , and secondly it will affect the people that pay tax for their goods

 

[Chibson]

The disadvantages of smuggling is numerous. if products are being smuggled into the country the government will not be able to collect revenues from those products. This year it is important to put the necessary things in place in order to checkmate such activities.

 

[Shigobad20201]

The disadvantages of smuggling is numerous. if products are being smuggled into the country the government will not be able to collect revenues from those products. This year it is important to put the necessary things in place in order to checkmate such activities.

The only affect the smuggling aspect has on the economy of the country is that , it will not enable the government to use the tax they are suppose to collect from the smuggled good to taken care of the country .

 

[Chibson]

The only affect the smuggling aspect has on the economy of the country is that , it will not enable the government to use the tax they are suppose to collect from the smuggled good to taken care of the country .

Yes, the major reason the government is against smuggling is because they will not be able to regulate the kind of products that is brought into the country and they will not be able to collect taxes from it.

 

[tyrim88]

Smuggling will not help the local manufacturers as the goods that was smuggled are sold at a cheaper amount in the market. For instance, smuggled rice is cheaper than the one manufactured locally.

One of the things that kills local economy and make industires to go down is the issue of porous borders,because the local products would not be able to compete with the products that are being smuggled into the country.

 

[Shigobad20201]

Yes, the major reason the government is against smuggling is because they will not be able to regulate the kind of products that is brought into the country and they will not be able to collect taxes from it.

Being able to regulate and get tax from the products that comes in a legal way into the country is the main reason why the country is using the tax to build the country .

 

[Chibson]

Being able to regulate and get tax from the products that comes in a legal way into the country is the main reason why the country is using the tax to build the country .

Yeah, but in some countries and other people engage in illegal importation businesses and that is actually affecting the basic government. That's why some countries needs a government that is very serious.

 

[Shigobad20201]

Yeah, but in some countries and other people engage in illegal importation businesses and that is actually affecting the basic government. That's why some countries needs a government that is very serious.

The government of each country makes good amount of money through the importation by collecting tax in imported goods which they use the money for the betterment of the particular country l

 

[Joseph555]

Smuggling robs the nation of her revenue, hence affects provision of social services to entire community. Smuggling can destroy your health through importation of expired, fake, and other drugs.

 

[Laurentta]

Smuggling really has a bad effect on our economy. Smuggled goods ate usually sold at cheaper price which causes a low patronage of the legal goods imported with the country's resources.

 

[Chibson]

The government of each country makes good amount of money through the importation by collecting tax in imported goods which they use the money for the betterment of the particular country l

Yes, it is the responsibility of the government to collect taxes for any product that is imported. the government should actually make proper use of it for the betterment of the people.

 

[Ronald]

Smuggling basically refers to the transfer of goods illegally from one place to another. It is an activity which consists of the importation or exportation of goods or living beings by wrong or unlawful means with the objective of evading taxes. It is illegal methods of conducting business and is done secretly. The principle causes of smuggling are greed for wealth ignorance and lack of nationalism or patriotism.
The legal goods smuggled through Pakistan in different destinations are worth 2.8 Billion Dollars per year alone. In fact according to the latest reports Pakistan is losing 2.62 Billion worth of revenue per year by the smuggling of just 11 goods.
Any one from my country elaborate it more briefly?

The nation’s economic system is negatively impacted by smuggling. This practice has an
impact on the economy, corporations, and the gross domestic product of the country and the worst of it all is that the smuggled merchandise is free of taxes.

 

[Immilash1]

The government of each country makes good amount of money through the importation by collecting tax in imported goods which they use the money for the betterment of the particular country l

You are right, the government gains a lot of money on taxes, but I don't really understand how task work's in Nigeria can you please explain abit further? Thank you.

 

[nana kwasi1]

To eliminate smuggling, which is a severe threat to the economy, all hands must be on deck. Smuggling reduces the nation's revenue, which has an impact on how social services are provided to the entire population. Your health can be destroyed by smuggling by importing expired, fake, and other drugs.

 

[Immilash1]

To eliminate smuggling, which is a severe threat to the economy, all hands must be on deck. Smuggling reduces the nation's revenue, which has an impact on how social services are provided to the entire population. Your health can be destroyed by smuggling by importing expired, fake, and other drugs.

I don't really know much about this, but by what you've just said I have been able to capture something, those kinds of people are wicked, just imagine what they do just for money.

 

[Nadiel sahmen]

The illicit trafficking of commodities with unpaid duty or tax is known as smuggling. Because there won't be a record of those events, tax returns won't be filed. Sales tax on smuggled goods will never be paid, and the money will be sent out without the proper channels.

 

[Mohammed Rashid]

Smuggling is a serious criminal offense that aims to reduce government revenue by evading taxes. This has a significant negative impact on the economy because it results in a loss of government revenue, preventing the government from carrying out any projects.

 

[Danny4cash]

It's not only Pakistan that's experiencing the effect of smuggling. Many countries especially third tier countries are bear the brunt of smuggling. Many of these countries in a bid to improve their introduce the policy to cut down what the import from other countries so, as to encourage their local producers. But the smuggler will not allow the policy to have effect.

 

[Immilash1]

Smuggling is a serious criminal offense that aims to reduce government revenue by evading taxes. This has a significant negative impact on the economy because it results in a loss of government revenue, preventing the government from carrying out any projects.

That's true, those kinds of people that do such kinds of things need to be dealt with, this will bring a lot of setbacks to the government, I don't think that's a good idea.