The concept of a value-added tax is simple and easy to administer.

Question

Quizplus · Accepted Answer

While the concept of a value-added tax is straightforward, implementing and administering it can be complex and challenging. VAT requires tracking and accounting for every stage of production and distribution, making it difficult to implement in smaller businesses and developing countries. Additionally, there are concerns about compliance and fraud that can make enforcement challenging.

The Concept of a Value-Added Tax Is Simple and Easy