Tag: International

VAT Extends Global Reach
Why Don’t We Have VAT in the U.S.?

print this article

Question: What do more than 160 countries have that the United States does not? Answer: A value-added tax (VAT) VAT is a broad-based consumption tax, chargeable at every stage of the supply chain, up to the retail stage, that generally allows the recovery of input tax for businesses and results…