Use Tax

Mar 20

Submiter: admin

This prevents so-called tax "cascading" or "pyramiding," in Use Tax which an feature is taxed more than once as it makes its hang-up from production to final retail sale. There are several types of sales taxes: Seller or Vendor Taxes, Consumer Excise Taxes, Retail Transaction Taxes, or Bearing Added Taxes.

A related type of tax is the value-added tax or VAT
It is a system in which all businesses remit taxes on their sales but they are also refunded the hunk of VAT remitted by their suppliers
In addition to avoiding cascading, under VAT there is no exigency for management to determine which sales are taxable and which are not, since all sales--retail, in quantity and intermediate--are taxed.