In a growing economy,the VAT would raise prodigious amounts of money

Name: In a growing economy,the VAT would raise prodigious amounts of money
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

VAT (Value Added Tax) is a type of consumption tax that is added to the price of goods and services at every stage of production. This means that the cost of VAT is passed on to the final consumer, who may not even be aware of it. Therefore, in a growing economy, VAT would raise prodigious amounts of money in a way almost invisible to tax-paying voters.

In a Growing Economy,the VAT Would Raise Prodigious Amounts of Money