PAD 505 NCSU Economics Value Added Tax and Retail Sales Tax Paper

Our academic writers are ready and waiting to assist with any assignment you may have. From simple essays to full dissertations, you're guaranteed we've got a writing expert to perfectly match your needs.

Order a Similar Paper Order a Different Paper


The text worked the logic of a VAT through a production-distribution process from a farmer to the final customer. Work the same process through with a 10 percent turnover or gross receipts tax. Assume that value added at each stage is the same as before, but that no credit for prior tax paid is provided and that each sales price equals tax-inclusive cost of purchases, plus value added at that stage, plus the 10 percent tax. Compute the final price paid by the consumer and the effective tax rate as a percentage of total value added. Make the same computa- tion, assuming the sweater manufacturer and the retailer merge (i.e., there is no taxable sale in this exchange).

Answer the question on value added tax (VAT) and (2) explain how VAT is different and similar to retail sales tax as well as their advantages and disadvantages as a source of revenue.

textbook: John Mikesell. 2018. Fiscal Administration

Do you need help with this or a different assignment? In a world where academic success does not come without efforts, we do our best to provide the most proficient and capable essay writing service. After all, impressing professors shouldn’t be hard, we make that possible. If you decide to make your order on our website, you will get 15 % off your first order. You only need to indicate the discount code GET15.

Order a Similar Paper Order a Different Paper