Which of the Following Statements About a Value Added Tax

question 85

Multiple Choice

Which of the following statements about a value added tax (VAT) is false?

• A)Many countries use a VAT.
• B)The United States has imposed a VAT since 1913.
• C)A VAT has been proposed in the United States to replace part of the income tax.
• D)A VAT operates similarly to a sales tax.

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