Taxes can have a significant impact on international trade. Import taxes, also known as tariffs, can increase the cost of imported goods, making them less competitive with domestically produced goods. This can lead to decreased imports and increased domestic production.
Export taxes, on the other hand, can make domestic goods more expensive for foreign buyers, decreasing exports.
Additionally, taxes on foreign companies operating within a country can make it less attractive for them to do business there.
Overall, taxes can have a major impact on the competitiveness of a country's goods in the global market and on the level of international trade.
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Export taxes, on the other hand, can make domestic goods more expensive for foreign buyers, decreasing exports.
Additionally, taxes on foreign companies operating within a country can make it less attractive for them to do business there.
Overall, taxes can have a major impact on the competitiveness of a country's goods in the global market and on the level of international trade.
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