In 2018 Saudi Arabia imposed a Value-Added Tax (VAT) on the supply of goods and services at a standard rate of 5%. Discuss the welfare effects of the VAT reform, and its implications for businesses and taxpayers.

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The imposition of a ValueAdded Tax VAT at a standard rate of 5 in Saudi Arabia in 2018 has several welfare effects and implications for businesses and taxpayers 1 Welfare Effects Equity VAT is general... View the full answer