4 ms·

What is the difference between a tax, a tariff and a fine?

• NicoJuicy 8y ago
  A fine = following the rules & earning money. Ps. I hope your being sarcastic
  • sbacic 8y ago
    I was not being sarcastic - the question was purely rhetorical. From the company's perspective - there is no difference because they all result in the same thing - transfer of money from the company to the government.
    • NicoJuicy 8y ago
      They are not the same thing. You break the rules = fine A political protection against something from other countries ( eg. Dumping and killing the internal market) = tariff Taxes = helping the country/nation, based in money you earned from civilians/local businesses there These are very different things.
      • rlanday 8y ago
        That’s not really true. Tariffs are clearly a form of tax. Both taxes and fines are used to discourage undesirable behavior. One difference is businesses typically assess on their own how much they owe in taxes, whereas the government tells them how much they owe in fines.