Ostroff, Fair and Company
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What are the economic effect of value added tax?


What are the economic effect of value added tax?

Less consumption for sure, probably they (government) try to fix with that some negative externalities. VAT is often met in European taxes in US there are only two states that impose it one is NY the other I do not remember. VAT is a flat tax (with some exceptions) that makes it easy and not that costly to be served, calculated and gathered.
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