Domestic VAT receipts posted the first single-digit growth in four years, with collections rising a modest 4.20 percent to ...

A value-added tax is a tax on consumption. We would pay it according to the amount of the economic resources we choose to enjoy, and we would not pay it when we choose to save and invest in making ...

What it sounds like: a consumption tax on the "value added" at each stage of production. Here's how that works : Imagine a $1 loaf of bread you buy from the supermarket with a VAT of 10%.

A value-added tax would not reduce the budget deficit but actually increase it. There is a growing call by backers of bigger government for Congress to impose a value-added tax (VAT) on top of all ...

The value-added tax (VAT) is currently the topic of much conversation in Washington. With growing deficits and mounting government debt, many see it as the only viable alternative to restore ...

All of which is to explain why proponents say that a value-added tax, with its chain of taxpayers, has a sort of built-in enforcement. Because it causes a "paper trail" of payment, each actor in ...

Madras HC rules service tax cannot be levied on SIM cards, recharge coupons, and value-added services, following Supreme Court and Tribunal ...

Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions.

Value-added taxes (VAT) have made their first landfall on U.S. shores as a potential fix to Puerto Rico’s financial crisis. Is this a harbinger of things to come in the continental U.S.?

The value-added tax can pull in billions of dollars with a rate that seems low. Then, a small increase will net a few more billions. No wonder that almost all countries have a VAT.

The Value-Added Tax Should Be Having Its Moment. A national consumption levy could address what fiscally ails the US and finally be politically palatable. May 7, 2025 at 6:00 AM EDT.