Effects of Tourism As a Tool for Rural Economic Development Hearing Before the
Effects of Tourism As a Tool for Rural Economic Development Hearing Before the
Taxation United States Congress House Committee On Small
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North Carolina and the nation benefit simultaneously from such expenditures because it improves the overall trade balance. These kinds of expenditures also stimulate new demand for a broader range of products and services to accommodate the needs and desires of the international visitor. ♦ Third, generally speaking, the taxes paid by international visitors on tourism services yield a higher benefit to the state and nation because such visitors utilize only a limited amount of the services paid ...for by such taxes. The international visitor is a very "temporary" resident who spends large amounts of money and then leaves. The taxes they pay benefit the State of North Carolina directly and indirectly. ♦ Fourth, international tourism expenditures contribute to the creation of jobs and, over the past decade, expenditures on tourism services have directly generated more jobs than any other industry sector except health services. The jobs often provide special opportunities for minority groups or the disadvantaged, and for people in rural areas.
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