A tax on the increased worth of a product at each stage of production and distribution rather than just at the point of sale is known as a ________ tax.

Question

Quizplus · Accepted Answer

A value-added tax is a tax on the value added at each stage of production and distribution, rather than just at the point of sale. This ensures that each entity involved in the production chain pays a proportional amount of tax based on the value they have added to the final product.

A Tax on the Increased Worth of a Product at Each