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Gekata [30.6K]
3 years ago
15

Many socialist nations in Europe are forced to use the "value-added" tax concept to raise money that is desperately needed to su

pport their never-ending huge cost increases to provide free healthcare, free education, generous welfare programs, and high government pension payouts that often allow people to retire with nice incomes-for-life as early as age 50. What are value-added taxes and who pays these taxes in Europe?
Business
1 answer:
enot [183]3 years ago
3 0

Answer:

paid by consumers

Explanation:

Value added tax is a small sum of money that is added on top of the price of a service. For example, I go to a grocery to buy Washing powder which costs me lets say 10 bucks. I will have to pay VAT on the 10 bucks. the vat is a small percent added on the price so here, assuming the VAT is 10%, I will have to pay 10% of 10 bucks PLUS the original 10 bucks so in total it will be 11 bucks.

Hopefully you understand ahaha

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3 years ago
During the Reagan administration, the Laffer curve was used to argue that: a. lower income tax rates could increase tax revenues
solniwko [45]

Answer:

A) lower income tax rates could increase tax revenues.

Explanation:

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3 years ago
1. Identify various production processes and
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Answer:

D

Explanation:

8 0
3 years ago
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elena-14-01-66 [18.8K]

Answer:

Producer surplus.

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2 years ago
A reason for government involvement in a market economy is:
larisa [96]

Answer:

d. All of these answers are correct.

Explanation:

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I hope my answer helps you.

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