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In: Finance

Advantages of Chicken Tax and 3 disadvantages of Chicken Tax?

Advantages of Chicken Tax and 3 disadvantages of Chicken Tax?

Solutions

Expert Solution

3 advantages of chicken tax-

A. It has led to increase in tariffs from the global companies

B. it has also provided domestic manufacturer with an advantage of more production and less competition.

C. It had lead to protection of jobs and an employment generation in the domestic arena .

Three disadvantages of chicken tax-

A. It had lead to lower the amount of imports into the United States of America.

B. it has also lead to formation of various type of tax loopholes and evasion of taxes by various companies.

C. It did lead to bad relationship with the global counterparts.


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