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What Is VAT? The Tax Fueling Trump’s Latest Trade Fightyou pay the VAT, much like you would pay a sales tax in the U.S. But there is an important difference. Sales taxes are typically collected once, when a final product is sold. VATs are collected ...
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How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffswhile the VAT is simply a tax on all domestic consumption, regardless of where the good or service is produced. In the end, the only major difference between a value-added tax and a sales tax is ...
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