Title: Identify the major types of taxes that governments place on individuals and businesses throughout the world.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Understanding Politics in the Global Marketplace

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?