Can some one please tell me what are the advantages of Value Added Tax?
611562
Businesses don`t rip consumers off with VAT - it is a TAX, that gets paid over to the Government, businesses don`t normally retain the funds!\n\nAre you asking the question from the point of view of a consumer, or a businessman?
433572
- Attract potential investors when the business grows and needs to expand.\n- Better chances of getting credit from the banking system.\n- You will end up getting a better price if you ever decide to sell your compmany.
223305
Yes extra\nstupidity tax
69572
The major advantages are that there an unlimited number of members allowed, there is generally no personal liability of the members, the entity is not taxed (profits and losses are passed through to the members), ease in filing with the states, and it is generally run through a Manager, rather than a board of directors (great for small companies or one that you wish to be similar to a closely-held corporation)
349872
VAT was implemented keeping the commom man in mind. Three other taxes were done away with to accomodate VAT. The taxes on goods is of prime importance as it keeps a check on the black money. Also, contrary to the popular belief that things will get costlier due to VAT, there are no changes in prices of most of the things
255454
Advantages: \n1. Everyone accepts it (and loves it too)\n2. In a transaction, using cash is a final deal (unlike cashing a check)\n3. In a transaction, there are no service fees using cash (unlike accepting credit cards)\n\nDisadvantages:\n1. It can be dirty\n2. You can lose it or have it stolen from you\n3. You could spend it too fast\n4. If you have much cash to carry, it can get heavy or bulky\n5. Cash can be counterfeit\n\nThere are probably a few more, but this covers most of my opinion about cash.
985315
Given youre the owner of the company. advantages includes a subcontractor can be called in when necessary rather than having them working for you permanently. You dont have to worry about pension, national insurance, holiday pay etc. disadvantages - subcontractprs may be hard to find in the area you want, they charge per hour, are not under your control
1868
how about how tax affects the price level of products and services :P
590896
Real property and personal property have a fair market value, and that value is the basis for the "ad valorem" tax, that is a tax on the value of property.  The value is assessed, and the government imposes a tax based on a percentage rate that will raise the desired amount of revenue for government operations.
1181339
Also known as IT has many advantages. Most mentioned by the two previous answers. Good Luck on your recitation.
751909
One of the best alternatives to all types of tax is the expenditure tax. Do away with council, income and corporate taxes and have a flat 30% expenditure tax. True, prices will increase in the short term but so will the income and hence we will have a balance. Also, this will mean that immigrants & assylum seekers will also pay the full tax and hence will not run away with using the services without pay anything.
55488
Value Added can be simple or complex. \n\nFor instance products they sell at Home Depot are also sold at my neighborhood hardware store. My hardware store provides better human service. So, this would be the value add.
629782
Value Added Services\n\nBasically, it's other features of a mobile network beyond simple voice transmission.  See link below.
9424
Yes, if you can afford.  Bseides building up equity, you will also save money on your income tax become some  of the interest is deductible.
1081873
advanage : 1. one can able to know  total output of the compnay\n                     2. it is very help full to prepare the budget with accuracy\n\n        \n  Disadvantage : 1.  its take more time for accounts finalisation\n                            2. leads to extra work
729523
Hi \n\nMy company uses many  affiliate schemes including banners.  To answer the first part any income even additional is subject to tax at whatever band your fall into (lower or higher rate). For example if you are in the 40% bracket then you'll pay 40% on any profits you make from it.  This money is taken by the inland revenue after you have completed a self assessment form at the end of a financial year.  \n\nAlso due to many of the main providers of listings such as Google or Yahoo! you do not need to add VAT.  Also unless you earn over around 55k a year you also do not to register for VAT.\n\nHope this helps\n\nSimon
928263
1. quicker access to money (near to house/business)\n2. comparatively quicker transaction time compared to bank counter\n3. Any time banking (ATM) for 24 X 7\n4. Remote connectivity (distant locations can be served without identification hassles, even beyond countries)\n5. Reduces cash theft related issues. \n6. Increases usage of Plastic money