Microsoft MCPD Certification Exam 70-536

Tariffs may be of various kinds:

* An ad valorem tariff is a set percentage of the value of the good that is being imported. Sometimes these are problematic as when the international price of a good falls, 70-642 so does the tariff, and domestic industries become more vulnerable to competition. Conversely when the price of a good rises on the international market so does the tariff, but a country is often less interested in protection when the price is higher. They also face the problem of inappropriate transfer pricing where a company declares 70-536 a value for goods being traded which differs from the market price, aimed at reducing overall taxes due.
* A specific tariff is a tariff of a specific amount of money that does not vary with the 70-621 price of the good. These tariffs may be harder to decide the amount at which to set them, and they may need to be updated due to changes in the market or inflation.
* A "revenue tariff" is a set of rates designed primarily to raise money for the government. A tariff on coffee imports, for example (imposed by countries where coffee cannot be grown) raises a steady flow of revenue.