Transit tax definition

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transit tax

transit tax logo #21003(from the article `international trade`) ...tariffs—unless they are so high as to keep out imports—yield revenue, while revenue tariffs give some protection to any domestic producer of the ... This type of duty is levied on commodities that originate in one country, cross another, and are consigned to a third. As the name impl...
Found on http://www.britannica.com/eb/a-z/t/72
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