A value-added tax can catch some travelers off guard and getting a VAT refund takes patience and persistence. But if you're eyeing a big-ticket purchase while traveling, it can be worth the effort.

Enrollments are falling in the UK after Labour put VAT on fees. It's too early to call the policy a failure, let alone a ...

Taxes will end up lower than if Congress had done nothing, but typical household costs will probably still go up.

Value-added tax (VAT) is a tax on products or services. Consumers pay the VAT, which is typically a percentage of the sale price. The U.S. does not have a VAT.

The value-added tax (VAT) is currently the topic of much conversation in Washington. With growing deficits and mounting government debt, many see it as the only viable alternative to restore ...

The Value-Added Tax Should Be Having Its Moment. A national consumption levy could address what fiscally ails the US and finally be politically palatable. May 7, 2025 at 6:00 AM EDT.

Globally, value-added taxes amount to 20 percent or more of total tax revenue in 21 of the 37 Organization for Economic Cooperation and Development countries that operate a VAT.

Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions.

What it sounds like: a consumption tax on the "value added" at each stage of production. Here's how that works : Imagine a $1 loaf of bread you buy from the supermarket with a VAT of 10%.

The value-added tax is catching on in the Republican presidential race, as Sens. Rand Paul and Ted Cruz want to replace the payroll tax and the corporate income tax with a single levy.

In discussions about changing the U.S. tax system, one topic almost always arises: the possibility of adopting a value-added tax. After all, most of the industrialized world uses a VAT—which is ...

The bandh is to oppose the state government’s tax hikes, including rise in VAT (value added tax) on liquor to 10%, a 15% increase in annual licence fees and a 60% spike in excise duty, in a span of ...