Applies to goofs only, including capital and intermediate goods, excludes VAT.
Understand the Problem
The question appears to be referencing guidelines or rules regarding financial transactions or economic principles related to goofs, capital goods, and intermediate goods, while also excluding VAT (Value Added Tax). The user may need clarification on how these terms interact or are applied.
Answer
National sales tax applying only to consumer goods, excluding intermediate and capital goods, and VAT.
The phrase likely refers to a national sales tax that applies only to consumer goods and services, excluding intermediate goods, capital goods, and VAT.
Answer for screen readers
The phrase likely refers to a national sales tax that applies only to consumer goods and services, excluding intermediate goods, capital goods, and VAT.
More Information
The structure described in the search results points to a taxation system focused on consumer goods rather than on the entire supply chain, typical of a retail sales tax.
Sources
- GRAVELLE EXAMINES VAT, FLAT TAX IN CRS REPORT. - taxnotes.com
- Volume 3: Value-Added Tax - U.S. Department of the Treasury - home.treasury.gov
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