Multiple Choice
Which of the following statements about a value added tax (VAT) is false?
A) Many countries use a VAT.
B) The U.S. has imposed a VAT since 1913.
C) A VAT has been proposed in the U.S. to replace part of the income tax.
D) A VAT operates similarly to a sales tax.
Correct Answer:
Verified
Correct Answer:
Verified
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