WHICH OF THE FOLLOWING IS NOT TRUE OF THE VALUE-ADDED TAX

174. - BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
174. Which of the following is NOT true of the value-added tax? a. It increases the total tax burden b. It is a progressive tax c. The tax may have an inflationary impact d. All are true