Benefits derived from Value Added Tax (VAT) does not include A. raising revenue
B. making the tax system broader in coverage
C. improving equity and fairness
D. adding values to goods and services
Benefits derived from Value Added Tax (VAT) does not include
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The correct answer is D. adding values to goods and services.
Explanation: While Value Added Tax (VAT) is intended to be levied on the value added at each stage of production and distribution, the primary benefits derived from VAT include raising revenue for governments, broadening the tax base, and promoting equity and fairness. However, VAT itself does not directly add value to goods and services; it is a consumption tax applied to the value that is already added by businesses.