The Value-Added Tax (VAT)form of the Sales Tax Is Preferred

question 19

Multiple Choice

The value-added tax (VAT) form of the sales tax is preferred in many developing countries because:

• A) a large share of VAT revenue is collected prior to the retail level.
• B) the VAT can be levied at a higher rate.
• C) firms have no way to suppress information on their purchases and sales.
• D) there is no need to conduct periodic audits to ensure compliance.

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Definitions:

Injured Workers

Employees who have suffered a work-related injury or illness, often covered by workers' compensation programs.

First Six Months

The initial period of time (usually referencing employment or project start) crucial for setting the foundation and expectations.

Health and Safety Committee

A group within an organization responsible for promoting and maintaining workplace safety standards and addressing health and safety concerns.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation, typically in the form of wages or salaries.