European countries tend to rely on which type of tax more so than the United States does?
A)an income tax
B)a lump-sum tax
C)a value-added tax
D)a corrective tax

Question

Quizplus · Accepted Answer

European countries tend to rely more heavily on value-added taxes (VAT) as a source of revenue than the United States. VAT is a tax on goods and services at each stage of production or distribution, and is intended to be a tax on consumption rather than income or wealth. The United States relies more heavily on income taxes as a source of revenue.

European Countries Tend to Rely on Which Type of Tax