How would small businesses be treated under a VAT? Q.How would small businesses be treated under a VAT? A.Most countries exempt small businesses from value-added tax, although many small businesses choose to voluntarily register for the VAT. Read more about How would small businesses be treated under a VAT?
Who bears the burden of a national retail sales tax? Q.Who bears the burden of a national retail sales tax? A.A revenue-neutral national retail sales tax would be more regressive than the income tax it replaces. Read more about Who bears the burden of a national retail sales tax?
How would a VAT be collected? Q.How would a VAT be collected? A.Most countries with a value-added tax employ the credit-invoice method. Under this method, businesses are taxed on their sales at each stage of production but obtain credits for the taxes they paid on inputs. Read more about How would a VAT be collected?
