What is a VAT? How can it be administered without any need for a firm to calculate

Question:

What is a VAT? How can it be administered without any need for a firm to calculate value added? Why is a general consumption-type VAT equivalent to a tax on comprehensive consumption?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

See More Books

Question Posted: Aug 15, 2023 02:30 PM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
1. Read the Case: What is the company worth? Grant explains to the management team that the company valuation is critical from both investors and the company. The goal is to produce a rough estimated...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
How can staff review the effectiveness of their work, the services they provide and the social and cultural factors impacting on clients, groups or communities?
What fiscal policy would you recommend to eliminate the inflationary or recessionary gap in the following scenarios? You must show your calculations to get full credit. a. Recessionary gap of $800...
Bank of America wants to know how it can increase its market share and has hired you as a consultant. Read the 10-K reports for Bank of America and three competing banks at www.sec.gov/ edgar.shtml...
What are the slip and coefficient of discharge?
In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $4,000 per month job in order to operate a kiosk that sold fresh drinking water. During the...
Ali, a small company, is currently considering a major capital investment project for which additional finance will be required. It is not currently feasible to raise additional equity finance;...
Explain why the invoice method of collecting the VAT does not require firms to compute value added. How does the invoice method act to discourage tax evasion?
Why must the tax rate on a general tax on consumption exceed that of a general tax on income if the two are to raise the same revenue?
What is an explicit constructor? Where would you prefer one over the (default) alternative?
What were the reasons that originated the real estate bubble of the early to mid-2000s? Do some research to justify your reasoning.
Even though this case is not an FDCA case and is really about damages, it highlights important issues under the FDCA, including substitution without authorization and the issue of generic and...
A tank behind Andr's service station has leaked a large quantity of heating oil into the soil below. If left uncontained, experts estimate a 5 percent chance that the oil will contaminate local...
A consumer angrily approached the pharmacist on duty and asked where the pharmacy was hiding the PSE products. The pharmacist politely informed the patient that the pharmacy kept the drug behind the...
Mary Lee is a terminally ill patient in chronic, severe pain. Her physician has elected to aggressively treat her pain with oxycodone and other schedule II drugs for breakthrough pain. Mary gets her...
In the same 2012 survey conducted in Exercise 43, Gallup reported that 66% of American investors say that the federal budget deficit is hurting the U.S. investment climate a lot. Is there any...
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
The best approach for creating a stratified random sample of a population involves: A. drawing an equal number of simple random samples from each subpopulation. B. selecting every kth member of the...
Suppose you are the manager of a portfolio of bonds indexed to the Bloomberg Barclays US Government/Credit Index, meaning that the portfolio returns should be similar to those of the index. You are...
Which one of the following statements is true about non-probability sampling? A. There is significant risk that the sample is not representative of the population. B. Every member of the population...
Company A is a merchandiser. Accounts Payable is only used for inventory purchases. The following information was available for the company's current year operations: Cost of goods sold $326,000...
What strategies can leaders employ to cultivate a culture of ethical leadership, emphasizing transparency, accountability, and integrity, amidst ever-evolving regulatory landscapes and ethical...
How should a nongovernmental not-for-profit organization report investments in debt securities? Discuss.

What is a VAT? How can it be administered without any need for a firm to calculate

Question:

Step by Step Answer:

ValueAdded Tax VAT A ValueAdded Tax VAT is a consumption tax imposed on the value added at each stage of production or distribution of goods and servi...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

Students also viewed these Business questions