Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...

Example of a Cascade Tax Consider the gift ... The majority of countries use alternate taxation methods. Value-Added Tax (VAT) Value-added tax (VAT) is a consumption tax assessed on the value ...

Examples of indirect taxes include excise duties on fuel, liquor, and cigarettes as well as a value-added tax (VAT), also referred to as a consumption tax. Corporate taxes are an example of direct ...

Value-added taxes” are a common type of consumption tax used worldwide. They don’t create a trade disadvantage for the U.S., ...

The VAT began life in the more developed countries of Europe and Latin America but, over the past 25 years, has been adopted by a vast number of developing and transition countries. A recent IMF study ...

The driving force behind that unfairness, he says, is Europe’s value-added tax system. “They rip us off,” he said of the European Union. “It’s so sad to see. It’s so pathetic.” ...

The president and his advisers claim that the tax discriminates against U.S. exporters because foreign producers selling into the U.S. are exempt from VAT whereas U.S. producers selling abroad are ...

a value-added tax is collected as the product moves through the supply chain. To borrow an example from the Wall Street Journal, say a German bike maker buys steel and aluminum for €50 and sells ...