Some have proposed higher taxes or new taxes to deal with the enlarged budget deficits and growing

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Some have proposed higher taxes or new taxes to deal with the enlarged budget deficits and growing public debt.
1. Define value-added tax (VAT).
2. Explain why some critics prefer a sales tax to a VAT.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:22 AM

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Some have proposed higher taxes or new taxes to deal with the enlarged budget deficits and growing

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1 A valueadded taxVAT is a tax applied to the value added at each stage ...View the full answer

Economics

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