What are the advantages and disadvantages, to the government and to businesses subject to VAT, if businesses
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What are the advantages and disadvantages, to the government and to businesses subject to VAT, if businesses can use the same method of accounting for VAT purposes that they use for income tax purposes? What problems arise if a seller subject to VAT reports on the cash method and that seller’s buyer subject to VAT reports on the accrual method, or vice versa?
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Allowing businesses to use the same method of accounting for VAT purposes as they use for income tax purposes can have advantages and disadvantages for both the government and businesses Additionally ...View the full answer
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Related Book For 
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
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