Value-added tax (VAT) is
A) a direct national tax levied on the value added in the production of a good (or service) as it moves through various stages of production.
B) an indirect national tax levied on the value added in the production of a good (or service) as it moves through various stages of production.
C) the equivalent of imposing a national sales tax.
D) an indirect national tax levied on the value added in the production of a good (or service) as it moves through various stages of production,and is also the equivalent of imposing a national sales tax.
Correct Answer:
Verified
Q16: The idea that an ideal tax should
Q17: The organizational form of an MNC can
Q18: The criteria of tax neutrality: capital export
Q19: The underlying principle of tax equity is
Q20: The three basic types of taxation are
A)income
Q22: Assume that a product has the
Q23: Assume that a product has the
Q24: The purpose of a withholding tax
A)is to
Q25: Which statement is false?
A)Active income is defined
Q26: Assume that a product has the
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