Briefly Describe Why Some Economists Prefer a Value-Added Tax (VAT)

question 22

Essay

Briefly describe why some economists prefer a value-added tax (VAT) to an income tax.

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Definitions:

Revolutionary War

The conflict between Great Britain and its Thirteen Colonies in North America from 1775 to 1783, resulting in American independence.

Battle Of Saratoga

A significant series of military engagements in 1777 during the American Revolutionary War, which marked a turning point by ending British efforts to divide New England from the rest of the colonies.

War Strategy

A plan of action or policy designed to achieve a major or overall aim in warfare.

Guerrilla Tactics

Guerrilla tactics are unconventional warfare strategies used by a smaller force to combat a larger, more conventionally organized military, often including surprise attacks, sabotage, and use of the terrain to harass and undermine the enemy.