Value added tax is used to generate government revenue

Assignment Help Business Economics

Reference no: EM13832632

State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most efficient? Please explain why with examples.

Reference no: EM13832632

Questions Cloud

Government actions promotes monopolistic behavior : Which of the following government actions promotes monopolistic behavior?

Conditions allows a monopoly to exist : Which of the following conditions allows a monopoly to exist?

Is this firm making profits : A firm is currently producing 80 units of output. At this level of output produced, P = 150 and ATC = 120. Also assume that MC = 130 and MR is constant at all output levels and equal to 150. Is this firm making profits? If so, what are these profits?

Which mobile phone vendor would you choose : After your research, which mobile phone vendor would you choose? Why? Is this the vendor you are currently using for your personal mobile phone

Value added tax is used to generate government revenue : State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..

Which type of firm may follow price leadership : In the long run, which type of firm may follow a "price leadership": Inelastic long run markets demand is very important for this type of industry to survive and do well in the long run: Firms have excess capacity in the long run under? Under perfect..

If the macro economy is initially in long-run equilibrium : Suppose that the long-run aggregate supply curve (potential output, Y is vertical at Y = $3,000 while the short-run aggregate supply curve is horizontal at P = 1.0 (and once again, P = 1.0 is the SRAS Curve, in other words). If the macro economy is i..

Write a linear equation to fit each situation : Write a linear equation to fit each situation

Constitution and its protection and permitted regulation : After reading Psalm 55:21, discuss the freedom of speech section of the First Amendment to the U.S. Constitution and its protection and permitted regulation, of commercial and political speech engaged in by business, including justifications for such..

User Account

All Pages