How does the consumer benefit with VAT ?

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Economy

asked Sep 07, 2023 at 08:56

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Academy

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Answer 1

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As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production

answered Sep 07, 2023 at 08:56

A

Academy

Answer 2

As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production

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How does the consumer benefit with VAT ?

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