Joshua Recently Developed a New Kind of Camera

question 7

Essay

Joshua recently developed a new kind of camera.He has a working prototype and needs to raise money for production,so he wants articles about his camera to appear in various publications.What kind of problem might that pose for Joshua if he wants to seek patents in other countries later on?

---

Definitions:

Fried Foods Tax

A hypothetical or proposed tax imposed on products with high levels of fried content to discourage consumption and address health concerns.

Value-Added Tax (VAT)

A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

Income Tax

A government levy on individuals' or corporations' earnings.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.