What is a value-added tax? Where is this type of tax in wide usage? Why do you suppose this form of taxation has NOT been widely accepted in the United States?
What will be an ideal response?
Answer: A value-added tax (VAT) is a form of national sales tax, where goods are taxed at each step of extraction, production, wholesale, and retail. A VAT tax is considered regressive because those with lower incomes pay the same taxes on a particular commodity as those with more money. Americans have never taken to this type of national tax because the most similar type of state and local tax is the sales tax, and that has always been the domain of the states. Plus the fact that it is regressive make the tax a tough sell to tax payers.
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A local race car driver who displays advertising on the car is involved in:
A) sponsorship marketing B) event marketing C) mobile marketing D) cause-related marketing
Some consumers flaunt their wealth by buying expensive products and brands that others will notice. Such behavior is referred to as "luxury badging."
Indicate whether the statement is true or false
Describe the options for compensation of expatriate workers.
What will be an ideal response?
Supply chain processes can be divided into primary and tertiary activities
Indicate whether the statement is true or false