Question: What is a value-added tax, and how does it differ from an income tax?

What is a value-added tax, and how does it differ from an income tax?

Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The value added tax is in effect a sales tax on the value added at ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1170-B-B-F-C(730).docx

120 KBs Word File

Students Have Also Explored These Related Banking Questions!

Q:

What is an RFP, and how does it differ from an RFQ?

Q:

What is a compliance audit and how does it differ from an operational audit?

Q:

What is an investment schedule and how does it differ from an investment demand curve?

Q:

PHILIPPINES TAX LAW A general professional partnership (GPP) is one: That is registered as such with the Securities and Exchange Commission and the Bureau of Internal Revenue. That is composed of...

Q:

Question 1 : Which of the following is an example of a regressive tax? a ) Value - added tax ( VAT ) b ) Progressive income tax c ) Corporate income tax d ) Estate tax

Q:

Select ONE topic from the list below to expand on and explore - study it; research it further and review literature. Then write a research paper Determine if there is a problem that needs to be...

Q:

What is a tax multiplier? How does it differ from the income multiplier?

Q:

Can somebody help me with this. I will post the lessons below, so you can take a look at it. TASK: compute for the monthly value-added tax that the company will pay to the government with the given...

Q:

14:13 All FAC702 ASSIGNMENT $1 {first semester (40 marks) (72 minutes) ABC Office Lid sa manufacturer and retailer of office Furniture in South Africa. The company has a 31 December year end Property...

Q:

QUESTION TWO [ 55] Alexis Bell, a resident of the Republic, sells and repairs cell phones from a shop she leases in a local shopping centre. She is a sole proprietor and is registered as a vendor on...

Q:

Sociologist estimate that a typical person knows about 1,000 individuals on a first name basis. Considering that the society can be modeled with a Random Graph Network of N = 7 x10 of people, obtain...

Q:

Suppose the Treasury issues two 5- year bonds. One is an ordinary bond that offers a fixed nominal coupon rate of 4 percent. The other bond is an inflation- indexed bond (or TIPS). When the TIPS bond...

Q:

million to

Q:

3.2 In the dopamine learning system, learning happens when the about the pleasure from a product are (correct/wrong).

Q:

Various governments have established agencies to insure against nonpayment for exports and/or to provide export credit. This shifts credit risk away from private banks and to the citizen taxpayers of...

Q:

For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?

Q:

What reasons can you give for the observation that intrafirm trade is now greater than trade between nonaffiliated exporters and importers?

Q:

Practice Assignment Gradebook ORION Downloadable eTextbook ssignment ER FULL SCREEN PRINTER VERSION 1 BACK NEXT JO Chapter 11, Section 11.3, Problem 030 K Two random samples, one of 95 blue-collar...

Q:

Tim Smunt has been asked to evaluate two machines. After some investigation, he determines that they have the costs shown in the following table: Machine A Machine B Original Cost $ 10 comma 000 $ 28...

Q:

Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $ 7 7 and a dividend rate of 8 . 4 % . The stock is selling for $ 5 6...