Question

distinguish between and valorem tax and value added tax?​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

There are two types of excise taxes – specific and ad valorem. A specific excise tax is levied based on quantity (e.g. a fixed amount per cigarette or weight of tobacco), while an ad valorem excise is levied based on value (e.g. a percentage of the factory price or retail price)