A VALUE ADDED TAX A. IS PREFERRED IN PLACE OF A PERSONAL INCOME TA...

35. - BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
35. A value added tax a. Is preferred in place of a personal income tax by many economists because income taxes are a disincentive to work, whereas a VAT discourages unnecessary consumption. b. Is also known as a ad valorem tax c. In an indirect national tax levied on the value added in the production of a good (or service) as it moves through the various stages of production. d. All of the above