The US also charges federal excise taxes on certain goods, including fuel, alcohol and tobacco products. Supporters of a VAT in the US claim it would streamline the revenue process and limit tax ...

To continue with its drive to provide affordable healthcare to Filipinos, the Food and Drug Administration (FDA) has added 17 ...

European sales in America enjoy a cost reduction, whereas American sales in Europe pay the value added tax. From this ...

Although Mr. Trump says the value-added tax gives international exporters an unfair advantage, U.S. companies do not pay sales tax when they export products abroad, similar to the way that the ...

Reuters VAT is a consumption tax imposed in South Korea and Europe ... "In the current system, products competing in the same market are subject to the same rates regardless of origin, so U.S ...