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b. Agovernment interested in increasing its tax revenues favors the imposition of anindirect tax on yachts rather than on cigarettes. Using real-world examples, examine whether
b. Agovernment interested in increasing its tax revenues favors the imposition of anindirect tax on yachts rather than on cigarettes. Using real-world examples, examine whether itspreference for taxing yachts can be justified on economic grounds. [15]
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