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 ...

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 ...

In recent years, the implementation of Value Added Tax (VAT) has become increasingly common across the globe. In Saudi Arabia ...