Examlex
When a law is passed that requires businesses to obtain permission from government officials in order to enter a market, this is an example of
Excise Tax
A specific type of tax imposed on certain goods, services, or activities, often aimed at discouraging their use or raising revenue from specific sources.
Government Revenue
The total money received by a government from taxes and non-tax sources to finance government operations and services.
Excise Tax
A tax applied to specific goods or services, often included in the price of products such as tobacco, alcohol, and fuel.
Average Tax Rate
The percentage of the total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.
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