Asked by Vaishnavi Surnis on May 03, 2024
Verified
European countries tend to rely more on consumption taxes than does the United States.
Consumption Taxes
Taxes imposed on the expenditure on goods and services, such as sales tax or value-added tax (VAT).
European Countries
Nations located in the European continent, each with its sovereignty, culture, and economic policies.
- Master the fundamental concepts of generating taxes and the different types of taxes gathered by state and local government entities.
Verified Answer
SH
Samantha HernandezMay 09, 2024
Final Answer :
True
Explanation :
European countries generally have higher rates of Value Added Tax (VAT), a form of consumption tax, compared to the sales tax rates in the United States, indicating a heavier reliance on consumption taxes.
Learning Objectives
- Master the fundamental concepts of generating taxes and the different types of taxes gathered by state and local government entities.