A value-added tax (VAT) is a fee that is assessed against businesses by a government at various points in the production of goods or services—usually any time a product is resold or value is added to ...

Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...

President Donald Trump signed a presidential memorandum on Thursday initiating a new reciprocal tariff system. This policy adjustment seeks to counterbalance the tariffs, taxes and subsidies that ...

Valdis Dombrovskis, the European Union's economy commissioner. (Damian Lemanski/Bloomberg News) The European Union won’t negotiate changes to its value-added taxes or agricultural subsidies as part of ...

One day a US presidential election will feature a serious debate about the serious fiscal challenge facing the American economy. But this election is not that election. In a middle-way estimate newly ...

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, ...

BEIJING, Dec 25 (Reuters) - China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official Xinhua said, bringing into one document previous regulations that have ...

Here's something you don't have a chance to say every day: Nancy Pelosi and Alan Greenspan agree! They both think a value-added tax -- which is basically a tax on consumption -- is worth a good look ...