The Country Which Has the Highest Rates of Value Added

question 65

Multiple Choice

The country which has the highest rates of value added tax (VAT) in the European Union is:

• A)Germany.
• B)Italy.
• C)France.
• D)Denmark.
• E)Switzerland.

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Definitions:

Surrender

In legal and financial contexts, to surrender means to voluntarily give up a right, position, property, or claim, often in exchange for something else or to end a dispute.

Preferred Stock

A type of stock that gives its holders precedence over common stockholders in terms of dividends and claims on assets, but typically does not have voting rights.

Dividends

The distribution of a portion of a company's earnings to its shareholders as determined by the company's board of directors.

Shareholder

An individual or entity that owns shares in a corporation, thereby holding a portion of the company's equity and potentially influencing its decisions.