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A tax which charges each party that contributes value to a product or services as it moves through the stream of activities l

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Answer #1

The above given statement is true because of the following reason:

Reason: A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. It is a tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

So by the definition of VAT it is clear that above statement is true.

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