Business, 07.04.2020 22:34 sidney2602

Refer to Exhibit 11-5 which summarizes the situation prior to the value added tax (VAT). If the government imposes a VAT rate of 10 percent, the government will receive in VAT revenue per loaf of bread sold and the final consumer will find that he has to pay more for a loaf of bread than he did prior to the VAT tax.

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Refer to Exhibit 11-5 which summarizes the situation prior to the value added tax (VAT). If the gove...

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