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Taxes

Retail sales tax

A single-stage tax is applied to the final sale of goods to consumers, regardless of whether they are purchased from retailers or other traders. This tax is calculated based on the total value of the goods, and is only paid once by the end consumer. It is an important concept to understand in the world of finance, and can have significant implications on business transactions. Let's dive into the details of this tax and its impact on the economy.
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