Explain the concept of value-added tax

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Reference no: EM131863313

Assignment: The Value-Added Tax

Write a four to six page paper that answers the following:

Anyone who is doing this paper should answer all four questions by the completion of the paper, Thanks.

1. Explain the concept of value-added tax (VAT). (one to two pages)

2. Analyze the pros and cons of imposing a VAT.

3. Evaluate the merits of imposing VAT in the United States.

4. Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income tax.

Reference no: EM131863313

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