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What are the commonly used arguments for the use of tariffs?
Financial Statement Income
The income reported by a company on its financial statements, which includes revenues, expenses, gains, and losses.
Domestic Corporation
A corporation that is incorporated under the laws of the country in which it is doing business.
Taxable Income
The portion of income subject to taxes after adjustments, deductions, and exemptions are applied to gross income.
FMV
The fair market value, or the price that property would sell for on the open market between a willing buyer and a willing seller.
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