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Consider a value added tax with invoice method. This year, value added in each step of production, wheat-flour-bread, are 150-200-180 respectively. Government introduced VAT exemption
Consider a value added tax with invoice method. This year, value added in each step of production, wheat-flour-bread, are 150-200-180 respectively. Government introduced VAT exemption for flour producers. What is the change of VAT revenue after introduction of this exemption?
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