According to the application, what is the difference between a VAT and a sales tax?
A. The VAT is already embedded in the price of the good, while sales taxes are paid upon purchase.
B. The sales tax is regressive while the VAT is not.
C. The sales tax is easy to collect while the VAT is not.
D. The sales tax is a consumption tax while the VAT is not.
Answer:A
According to the application, what is the difference between a VAT and a sales tax?
A. The VAT is already embedded in the price of the good, while sales taxes are paid upon purchase. B. The sales tax is regressive while the VAT is not. C. The sales tax is easy to collect while the VAT is not. D. The sales tax is a consumption tax while the VAT is not.