Explain the difference between value added tax and sales tax. Discuss in details.

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Intermediate Financial Management

ISBN: 9780357516669

14th Edition

Authors: Eugene F Brigham, Phillip R Daves

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Posted Date: May 02, 2024 02:07 AM

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Explain the difference between value added tax and sales tax. Discuss in details.

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Value Added Tax VAT and Sales Tax are both consumption taxes imposed on the sale of goods and services but they operate under different principles and structures Heres a detailed explanation of the di... View the full answer

Intermediate Financial Management

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