method

“Value Added Tax”, (i.e. VAT) is a particular and superior method of administrating a sales tax. Unlike prior (conventional) sales tax methods, VAT never taxes any prior levied taxes carried forward from prior sales transactions. Within a chain of sales links, the tax levied upon the purchaser...

Value Added Tax, (i.e. VAT) Unlike any other sales tax method, VAT does not any manner increase prices by additionally taxing the sales taxes levied within previous sales transactions. For this reason the government?s revenues due to exactly the same rate of taxation is less for VAT and...