Explain why the invoice method of collecting the VAT does not require firms to compute value added.

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Explain why the invoice method of collecting the VAT does not require firms to compute value added. How does the invoice method act to discourage tax evasion?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 15, 2023 02:30 PM

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Explain why the invoice method of collecting the VAT does not require firms to compute value added.

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The Value Added Tax VAT is a consumption tax levied on the value added at each stage of production and distribution of goods and services The invoice ...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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