There Are some politicians who
Answer:
A Value Added Tax(VAT) is a type of tax thatconsumers have to pay on a product at any stage of production ordistribution in the supply chain.
As the name suggests, a VAT is pre decided as a percentage ofthe marked price of the product, that a consumer has to pay. It isthe extra value that a business adds to the good or services thatis charged on each stage of production in a supply chain.
Enforcing a tax on the outset might seem like a good idea forthe United States to increase government revenue, but there aresome major disadvantages :
- Costs incurred by businesses to collect , maintain and send taxproceeds to the government
- Political negotiations between federal government andstates
- VAT is regressive in nature
Politicians who are interested in helping the government reducebudget deficits through extra revenues , are the ones who wouldgenerally prefer the introduction of a VAT, as it does act as agood source of revenue for the government.
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
