What is a value-added tax (VAT), and what is an advantage of such a tax relative to

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What is a value-added tax (VAT), and what is an advantage of such a tax relative to an income tax?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 02:01 AM

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What is a value-added tax (VAT), and what is an advantage of such a tax relative to

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A valueadded tax VAT is a consumption tax levied on the value added to a product or service at each stage of production or distribution Unlike a tradi...View the full answer

Economics

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