Vocab Bloom Hub

revenue tariff

/ˈrɛvɪnjuː ˈtærɪf/

1 entry

phrase

/ˈrɛvɪnjuː ˈtærɪf/C1formalbusiness
  • ruНалог или пошлина, взимаемые с импортируемых товаров, главным образом для получения дохода правительством, а не для защиты отечественной промышленности от иностранной конкуренции.

A tax or duty imposed on imported goods primarily to generate income for the government, rather than to protect domestic industries from foreign competition.

  1. Tax for government incomeC1formal

    A tax or duty imposed on imported goods primarily to generate income for the government, rather than to protect domestic industries.

    ruНалог для государственного дохода

    • The government introduced a revenue tariff on luxury cars to increase state funds.
    • Unlike protective tariffs, a revenue tariff is designed to raise money, not restrict trade.
    • Historically, revenue tariffs were a major source of funding for many countries.