Assignment: The Value-Added Tax
Write a four to six page paper that answers the following:
Anyone who is doing this paper should answer all four questions by the completion of the paper, Thanks.
1. Explain the concept of value-added tax (VAT). (one to two pages)
2. Analyze the pros and cons of imposing a VAT.
3. Evaluate the merits of imposing VAT in the United States.
4. Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income tax.