Members of the European Union (EU), rely heavily on this form of indirect taxes.
A)Value-added tax
B)Excise tax
C)Property tax
D)Sales tax

Question

Quizplus · Accepted Answer

Value-added tax (VAT) is a form of indirect tax that is widely used by countries in the European Union. It is a tax on the value added at each stage of the production and distribution process, and is ultimately paid by the end consumer. VAT is a significant source of revenue for EU member states, and is used to fund public services and infrastructure.

Members of the European Union (EU), Rely Heavily on This