1.

Value -added tax is

A. a special tax levied by states on products from other States
B. tax on final consumption collected at the consumption stage
C. an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale
D. an ad valorem tax on final comsumption collected at the manufacturing level
Answer» D. an ad valorem tax on final comsumption collected at the manufacturing level


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