TIAC Has Argued That Putting the GST on Tourism Products

question 34

Multiple Choice

TIAC has argued that putting the GST on tourism products is discriminatory because _________________.

• A) tourists should not have to pay Canadian taxes
• B) adding tax to an already high dollar is driving foreign tourists away
• C) no other country in the world has a goods and services tax
• D) it is the only Canadian export on which GST is charged

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Definitions:

Maximize

To increase to the greatest possible amount or degree.

Minimize

To reduce something to the smallest possible level or amount.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate the business.

Total Costs

The sum of all costs incurred by a business in producing a certain amount of goods or services.