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Elder Zhao was surprised by Wang Chong’s words, and a frown slowly etched onto his forehead On the other hand, the other elders looked around before turning to Wang Chong with interest
They have never heard of tariffs before
“May I ask Young Master Chong what tariffs are? I have been involved in finances, taxes, and logistics my entire life, and I don’t think that there are any taxes in the Great Tang that I’ve never heard of Pardon norance, but what are tariffs?
Elder Zhao asked earnestly in desire to learn This was one of his strengths; when he ca he didn’t know of, he would surely ask until he gets to the bottoe, this trait of his still remained
This was also why the old ards!
Seeing the elders turning to look at hi s the Eastern and Western Turkic Khaganate for a very long ti tariffs, it could be solved easily!
Even though tariffs were commonplace in another world, no one knew about the had income tax, servant tax, head tax, city entrance tax, commercial tax… But it didn’t have ‘tariffs’
Most of the anate, Goguryeo, and such enjoyed the same price as the Central Plains when they caoods
Thus, even if the royal court were to prohibit the sales of specific iteanate, those nomadic tribes could still obtain a steady supply of steel equipment from the Abbasid Caliphate and Charax Spasinu
And for a trading hub, this was actually an extre business for innumerable years, the idea of ‘tariffs’ had never occurred to anyone in Great Tang
Since no one has ever thought of it, Wang Chong felt compelled to remind them of the matter so that they would know of its existence
“Grandfather and elders, salt and steel are special industries, especially for the steel equiprandson’s opinion, when it is sold within our territories, there is no need for one to pay taxes for it This way, everyone would be able to enjoy the discounted price, and there wouldn’t be any social unrest”
“However, if one intends to take these steel equip into Charax Spasinu, Abbasid Caliphate, or the Eastern and Western Turkic Khaganate, then they would have to pay taxes at the checkpoint which ill establish by the borders This is called tariff!”
“As these steel equip, naturally, the price cannot be the same as those within Thus, we can collect taxes at twofold, threefold, fourfold… or even sixfold of the original price!”
“This way, not only would the price of salt and steel be unaffected, we can also earn a huge su’s treasury”
“As the reason behind the sales and purchases of steel equipe quantities Thus, if ere to impose tariffs on it, there would only be two situations Firstly, the Eastern and Western Turkic Khaganate, due to the great need to raise their overall strength, would continue purchasing the steel equipardless of the price This ould be unable to stop thee suh, and the Eastern and Western Turkic Khaganate give up on purchasing the steel equipe sue, the inflow of steel equipment into the two countries, and thus their overall th, would be curbed ——Isn’t this our primary motive?”
“Furthermore, the tariff would only be limited to salt and steel equipe E any hindrance in the trade with the other countries”
“Of course, the tariffs doesn’t have to be limited to just salt and steel equip as the taxes are at an optimal level, its i that I can solve by casually speaking about here, and it has to go through discussions in the royal court”
At the end, Wang Chong glanced at his big uncle
Everyone has been listening attentively to Wang Chong’s words in the conference hall Initially, they didn’t think hter their eyes glowed In the end, even ‘Elder Zhao’, who opposed to Wang Chong’s thoughts at the start, gazed at Wang Chong in a it personally, he wouldn’t dare to believe that these words could be spouted from the mouth of a fifteen-year-old child
Tariffs, tariffs… All of the about the threat of the Eastern and Western Turkic Khaganate in the north, and that the more steel equiper they would beco the issue was to ban the sales of steel equipment totally and shut down all trade with the Eastern and Western Turkic Khaganate
Sorandson ‘Young Master Li’ of fighting it out with the Eastern and Western Turkic Khaganate to instill fear into the ‘tariffs’ to silently terminate the inflow of steel equipanate
Furtheristics depart, he was certain that His Majesty would agree to it
It wouldn’t require too long a discourse before the group in the royal court approve of this plan Those finance ht to push this h
“Hahaha, Xue Zique and those bunch of financethemselves out of e of all kinds of reasons to collect taxes from the civilians and rob thelect such a wonderful thing such as tariffs! Aren’t those merchants of Charax Spasinu and Abbasid Caliphate rich? There are so ets to leech off, yet they were unable to think of it!”
Slapping his thighs, Elder Zhao laughed heartily
How did they know that tariff is a tax?
In Chinese, the taxes are naate tax‘, ‘civilian tax‘, ‘income tax‘, and tariff is no different (Direct translation: border gate tax)