This topic contains a solution. Click here to go to the answer

Author Question: A general sales tax and a value-added tax have _____. a. a common tax base b. nothing in common ... (Read 121 times)

serike

  • Hero Member
  • *****
  • Posts: 542
A general sales tax and a value-added tax have _____.
 
  a. a common tax base
  b. nothing in common
  c. rates in common
  d. investment as a tax base
  e. a and d

Question 2

Over a period of years, many European countries replaced their transaction taxes with a value added tax. Give two reasons why this was done.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

a

Answer to Question 2

The first reason why this was done was because transaction taxes are inefficient because they tax the same good multiple times. The second reason this was done was to harmonize income tax rates among members of the European Union so one country would not have a government-subsidized advantage over the others.




serike

  • Member
  • Posts: 542
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

For a complete list of videos, visit our video library