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When the Russian Federation allowed its regions to levy a retail sales tax, the national value-added tax rate was 20 percent. Many regions levied a
When the Russian Federation allowed its regions to levy a retail sales tax, the national value-added tax rate was 20 percent. Many regions levied a 5 percent tax rate, and the rate applied to purchase prices with the national value-added tax included. What is your view of the approach?
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