VAT is a consumption tax applied at each production stage, reimbursed from prior stages. Consumers ultimately bear the final VAT cost, impacting lower-income groups ...
Republican state Rep. Jay Dean of Longview recently proposed a bill to replace school maintenance and operations property taxes with a value-added tax. The news might sound like music to the ears of ...
The VAT began life in the more developed countries of Europe and Latin America but, over the past 25 years, has been adopted by a vast number of developing and transition countries. A recent IMF study ...