Value-added tax (VAT) is a consumption tax imposed on the value added in each production stage of
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Value-added tax (VAT) is a consumption tax imposed on the value added in each production stage of products or services. If the companies are able to deduct the VAT, consumers pay it without being able to deduct it. What does the consumer gain if the VAT is eliminated? What is the tax burden in this case?
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If the valueadded tax VAT is eliminated consumers would gain in several ways Lower Prices Without VA...View the full answer
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