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) both b and c
Correct Answer:
Verified
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A)is to
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A)an indirect tax.
B)a direct
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