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Explain the concept of value-added tax vat this should be

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The Value-Added Tax: Is It Good for the United States? Write a five to seven (5-7) page paper that answers the following:

1. Explain the concept of value-added tax (VAT). This should be one to two (1-2) pages long.

2. Analyze the pros and cons of imposing a VAT.

3. Evaluate the merits of imposing VAT in the United States.

4. Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income tax

Reference no: EM13478497

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