Is value-added tax important?

Value Added Tax - a VAT - is a common system of taxation many places. At first it seems similar to, but in reality is very different, to a sales tax. Canada uses one in it's system. There are...

probably, or its claimed in expensesYes, VAT applies to both goods and services. Different countries apply the tax in different ways but, in general, most countries will exempt the following types of...

VAT taxes everyone including those less well off, regardless of income and wealth.

The cause is Government Policy.

A value added tax, or VAT, is a more complicated version of a sales tax. In the US, most states enforce a sales tax on goods and services. For example, if there is a 10% sales tax and you buy a $100...