a. What is a value-added tax? b. Although the value-added tax has been proposed numerous times, the

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a. What is a value-added tax?
b. Although the value-added tax has been proposed numerous times, the United States has never adopted one. Why do you think the United States is so negative on it when the value-added tax is widely used outside the United States?
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Fundamentals of Multinational Finance

ISBN: 978-0205989751

5th edition

Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman

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