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THE UNIVERSITY OF MICHIGAN LAW SCHOOL The Law and Economics Workshop PresentsValueAdded Taxes and International Trades: The Evidence by James Hines, Jr., Michigan Business School THURSDAY, November

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What is value-added taxes and international?

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 commonly used in international trade.

Who is required to file value-added taxes and international?

Businesses involved in the production or sale of goods and services are typically required to file value-added taxes.

How to fill out value-added taxes and international?

Value-added taxes are usually filled out using a VAT return form provided by the tax authorities, detailing sales, purchases, and any VAT owed.

What is the purpose of value-added taxes and international?

The purpose of value-added taxes is to generate revenue for the government without placing too much burden on consumers or businesses.

What information must be reported on value-added taxes and international?

Information such as sales, purchases, VAT owed, VAT paid, and VAT refundable must be reported on value-added taxes.

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