Today’s modern equivalent is the value-added tax, or VAT. It has become a major source of revenue for the more than 160 countries that impose it, ... The ideal VAT system has a broad base comprising ...

Egypt amended value-added taxes on cigarettes and alcoholic drinks while introducing a levy on crude oil, the latest bid to ...

Each state would remain free to select the rate of their add-on VAT, but they could not deviate from the federal base. The second element addresses corporate taxation. Graetz reduces the corporate ...

VAT is not only a vital revenue source for member states but also plays a crucial role in funding EU initiatives. A portion of each member state's VAT revenue forms part of the EU's 'own resources' – ...

Estonia’s tax mix has been traditionally reliant on consumption taxes—especially VAT—whereas income taxes are a relatively small share of revenue. Recent and expected changes will further shift the ...

KAISERSLAUTERN, Germany — Military families in Germany soon will pay more for value-added tax forms and certain on-base services, a U.S. Army statement issued Monday said. Starting April 1, VAT ...

By expanding the VAT base, the government would be able to reduce the budget deficit to 3.5% of GDP from 4.4% at present, he said, adding the increase in revenue could be spent on investment projects.

In a commentary on Wednesday, Iron Foundation Executive Director Sonny Africa criticized the World Bank’s push for the Philippines to expand its VAT base… BusinessMirror News ...

Though still in the works, the Federal Government’s proposed upward review of the Value Added Tax (VAT), from five to 7.5 per cent, came at a time the payment of more taxes has become imperative ...