Explain the Benefits and Drawbacks of a Value-Added Tax

question 63

Essay

Explain the benefits and drawbacks of a value-added tax.

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Definitions:

Compiling

The process of converting source code written in a high-level programming language into machine code that can be executed by a computer's processor.

Programming Language

A Programming Language is a formal language comprising a set of instructions used to produce various kinds of output, allowing developers to create software.

Instructions

Instructions are commands given to a computer program to perform specific operations, serving as the basic units of execution.

Executable Programs

Computer programs that are in a format ready to be run or executed by the computer.