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, though: VAT, a multi-layered tax applied at each ...

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 ...

VAT is a consumption tax paid at each production stage, reimbursed from prior stages. Final VAT costs are borne by the consumer, raising the final product price. Critics label VAT regressive ...

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 ...