LO.4 Both a value added tax (VAT) and a national sales tax have been criticized as being
Question:
LO.4 Both a value added tax (VAT) and a national sales tax have been criticized as being regressive in their effect.
a. Explain.
b. How could this shortcoming be remedied in the case of a national sales tax?
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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