2 ms·
Excise is a bit different to tariffs though. Even if you produced those items in Singapore you pay the same excise. The 20% on cars isn't to protect the (non-e
by toomanybeersies 8y ago
Excise is a bit different to tariffs though. Even if you produced those items in Singapore you pay the same excise.
The 20% on cars isn't to protect the (non-existent) car manufacturing industry of Singapore, but to reduce demand for cars.