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A value added tax (VAT) is a form of consumption tax. From the
A value added tax (VAT) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, i...
Value added tax avoids the cascade effect of sales tax by taxing
Value added tax avoids the cascade effect of sales tax by taxing only the value added at each stage of production. For this reason, throughout the wor...

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